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Indian Crypto Exchanges See Decline in Volumes – BS

The fall in volumes is between 15 and 55 per cent among various crypto exchanges, with most reporting a decline in the number of visitors, too


Falling crypto currency values could turn into downward selling spiral with few new buyers to provide price support.
Photo: Reuters

 

Indian cryptocurrency exchanges have seen a sharp fall in volumes on the first three days of April following the implementation of the new tax regime, Business Standard reported.

The fall in volumes is between 15 and 55 per cent among various crypto exchanges, with most reporting a decline in the number of visitors, too.

 

Read the full report: Business Standard

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.