Indian cryptocurrency exchanges have seen a significant rise in trading activity for crypto futures, which are becoming increasingly popular amid a global crypto surge.
Introduction to Crypto Futures
Crypto futures are contracts that bind parties to exchange tokens at a predetermined rate in the future. Their popularity in India is attributed to the low taxes applicable to derivative financial instruments.
Reasons for the Popularity of Crypto Futures
Key attractions of crypto futures include low trading costs and the ability to bet on price changes of various tokens without term limitations. Trading volumes for futures account for 70-80% of total trading volume.
Professionals' Views on Market Future
Edul Patel, co-founder of Mudrex, noted that futures trading volumes are 4-5 times higher than spot trading. Vikram Subburaj, co-founder of Giottus, believes that crypto futures have become a natural next step in the market.
Interest in cryptocurrency futures in India has significantly increased over the past two years, and their popularity is likely to continue growing due to new offerings and market adaptation.
