Indian exchanges records decline in transaction volume 1 - BitcoinEthereumNews.com
KabuhayanAng mga tala ng Indian exchange ay bumaba sa volume 1 ng transaksyon07 / 05 / 2022Balita ng Ethereum ng Bitcoin Indian exchanges have experienced a downturn in their trading volume following the anouncement of an attached tax to crypto transactions. According to the earlier news in the country, the new update started at the start of this month, charging traders 1% for every transaction made. However, after the recent enforcement of the update, there has been a massive decline in trading volume, with the top three exchanges bearing the most brunt. Indian exchanges record low patronage Ayon sa ilang pinagkukunan, there has been a massive 72% drop in the total trading volume on Indian exchanges. Leading the charge is CoinDCX, with the exchange seeing a massive 90.9% decline ok the third day. Other Indian exchanges suffering the same fate include BitBNS, which recorded a steep decline of 37.4% in the same period. Although things have stabilized since July 3, the average trading volume figures on Indian exchanges are still about 56.8% in the negative zone. According to a YouTuber in India, exchanges have not been able to rake in a considerable amount of money since the new law took effect, with most traders