115 million Indians vs Crypto – Katoch Tubes

Indians leading  in cryptos

Indian vs Crypto

Acc. to survey by KuCoin, Seychelles based crypto exchange, India leads the world with over 115 million crypto investors

The Tax Axe

Indian govt. imposed 30%  capital gains tax and 1% TDS on every transaction that has discouraged users but haven't stopped them from trading

The Indian Dip

Indians refrained from trading on Indian exchange after imposing of tax laws. WazirX trading volume decreased by 71% 

The Safe Haven

To save themselves from 1% TDS, Indians are shifted to foreign exchange like Binance, Kraken & KuCoin

Indian & Crypto Future

The Survey projected that by 2030, the total value of crypto investment from India will surpass $241 million (1,900 cr)

The Sample Size

KuCoin's survey data taken from a sample size of 2000 individuals 

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