Indian Crypto Exchanges Witness Growth Despite Various Hurdles

Indian Crypto exchanges' trading volumes surge despite hurdles.

Indian cryptocurrency exchanges have seen an increase in their trading volume recently.

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Crypto enthusiast NG exhale stated that a total volume of $152,250,490 for Giottus was recorded on July 13.

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Inflation, rate hikes, and increasing fuel prices all have affected the volume of crypto exchange activity.

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Indian government had imposed 1% TDS on crypto transactions starting this month.

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India’s advocacy group for the crypto sector, the Blockchain and Crypto Assets Council (BACC), was terminated by its parent organization, IAMAI, this week.

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Bitbns, CoinDCX, and WazirX, other exchanges, have also seen a rapid surge while the price of BTC and ETH have plummeted.

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Before stabilization, exchanges said they will be concentrating on developing new products and improving customer service.

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