Despite obstacles, trading volumes on Indian cryptocurrency exchanges are increasing.

The trading volume on Indian cryptocurrency exchanges has recently increased.

On July 13, crypto enthusiast NG exhale reported a total volume of $152,250,490 for Giottus.

Inflation, interest rate hikes, and rising fuel prices have all had an impact on the volume of crypto exchange activity.

Starting this month, the Indian government levied a 1% TDS on cryptocurrency transactions.

The Blockchain and Crypto Assets Council (BACC), India's crypto advocacy group, was terminated this week by its parent organization, IAMAI.

Other exchanges, such as Bitbns, CoinDCX, and WazirX, have seen rapid growth, while the prices of BTC and ETH have plummeted.

Prior to stabilization, exchanges stated that they will focus on developing new products and improving customer service.

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