April 28, 2022
Singapore-based crypto derivatives exchange Bitget is entering the Indian market in the middle of the country's new crypto taxation policies.
The Indian government recently imposed a 30% tax on income from crypto trading, with an additional TDS tax of 1 percent.
Sandra Lou, the CEO and co-founder of Bitget, stated that it has received an overwhelming demand for support from India.
It aims to provide a secure platform to interact with digital assets and single-click copy trading.
Bitget has partnered with Koinly, which is a crypto tax calculation platform.
Koinly will calculate taxes in India along with 19 other nations.
Sandra said that Indian crypto traders are exceeding the population of a few other countries, with more than 100 million users.