Crypto India: 80% of Crypto Trading in India Is Now Futures. Is the 1% TDS to Blame?

Over 80% of crypto trading on Indian exchanges now occurs in futures and derivatives rather than spot markets, according to industry estimates. Many traders shifted to avoid the 1% Tax Deducted at Source (TDS) on spot trades. However, the move carries higher risks, with estimates suggesting 70% to 80% of retail crypto futures traders are losing money.