Indian crypto exchanges see trading volumes spike as Bitcoin dips

Business Feb 03, 2026

When Bitcoin briefly plunged to the $75,000 range, Indian crypto exchanges saw trading jump by 30-90%.
Platforms like CoinSwitch and Mudrex had a wave of buyers, and CoinDCX hit roughly 309 million USDT in trades by January's end.

Investors undeterred by tax implications

Despite uncertainty over tax measures, investors aren't backing down.
Many see the dip as a chance to grab Bitcoin, Ethereum, and Solana—especially with global tensions making markets shaky.

Traders push for more transparency in India's crypto scene

With stricter rules reportedly planned and more government monitoring of exchanges, traders are increasing activity on platforms like CoinDCX and WazirX.
The goal: bring more transparency to India's fast-growing crypto scene and curb tax dodging.