scorecardresearchTrading volumes decline on Indian crypto exchanges as new transaction tax kicks in: Report

Trading volumes decline on Indian crypto exchanges as new transaction tax kicks in: Report

Updated: 05 Jul 2022, 10:25 AM IST
TL;DR.
Three exchanges - ZebPay, WazirX and CoinDCX have suffered declines of between 60 percent and 87 percent in the value of daily trading immediately after the 1 percent tax deductible at source became effective on July 1, the report quoted data from CoinGecko.
Three exchanges - ZebPay, WazirX and CoinDCX have suffered declines of between 60 percent and 87 percent in the value of daily trading immediately after the 1 percent tax deductible at source became effective on July 1, the report quoted data from CoinGecko.

Three exchanges - ZebPay, WazirX and CoinDCX have suffered declines of between 60 percent and 87 percent in the value of daily trading immediately after the 1 percent tax deductible at source became effective on July 1, the report quoted data from CoinGecko.