Pi42 - India's First INR denominated futures exchange launched
This is the time when a lot is happening in the Crypto space. This can be a signal that we are heading towards the right direction where the bull run start is not far away. We know that the Bitcoin halving is just 75 days away from now and this count is approximately because it is completely dependent upon the block generation. Many cool things are happening in this market and usually when the market is bullish then we get to see this type of environment around us.
Today there is big news coming from India that one of the first Indian native currency-denominated future trading exchanges has been launched. This exchange is called Pi42 and as of now, they are offering 5 coins. They will be adding more coins soon because they have explained the same and also arranged one AMA session for answering community queries. This is big news for the Indian New Year's in Crypto because this exchange is claiming that there will be no taxation as per the Crypto which is 30% however the normal income tax will be applicable.
website link- https://pi42.com/
Undoubtedly it is a big launch and if things go well then it can make things great in the Indian market and also give a boost to the community which will have more users entering the trading in the future. I know that future trading is a risky segment but proper study and control of the leverage and make things easy. People can now invest and undoubtedly a proper strategy can make things better because the tax will also be based on the slab as for the regular income tax guidelines it will not be a big problem for the Crypto industry and traders.
It is launched today only so I think many things will be unfolded in the coming days. Users will be sharing their experiences on different social media and even their team looks great which is good and I hope that the overall experience for the community goes well so it's worth keeping an eye on social media channels to see how things will be going in the coming weeks.
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Informative post.Good explained. Thanks for sharing this.
Wow, this is a good decision, it will bring more liquidity to Crypto Currency, because many Exchangers are being banned from India, people of this country are afraid to invest in Crypto. Thank you very much for sharing such important news
Nice article, I see how the launch of INR denominated futures exchange could be a great news for all in the great nation of india who are crypto ethusiast especially heading into this 2024-2025 much anticipated bitcoin bull run
Really very nicely explained about India's First INR denominated futures exchange launched. Wish you all the best. Keep posting like this.