Drop in crypto trading volumes a temporary phenomenon, says India’s CoinDCX CEO

The decline in crypto trading volumes in India can be attributed partly to the dearth of seamless payment options and the lack of clarity about the new tax system, according to Sumit Gupta, co-founder and chief executive of the country’s most valued crypto exchange CoinDCX.

“The drop in crypto trading volumes in India is mirroring the global trend and is [a] temporary [phenomenon],” Gupta told DealStreetAsia in an interview. 

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