India’s Crypto Futures Surge to 80% on Tax Loophole
Futures now account for roughly 80% of crypto trading on Indian exchanges, a shift driven by tax arbitrage that lets traders dodge the 30% VDA tax and 1% TDS on spot trades. With no regulator capping leverage, platforms flaunt 100x‑200x margins, pulling retail traders from traditional markets and exposing them to heightened risk.