FireFlyer
Mon Jul 15 2024
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6 answers
1311
Why are Indian crypto traders moving to offshore platforms?
Could you elaborate on the reasons why Indian crypto traders are increasingly turning to offshore platforms? I've noticed a significant shift in this trend, and I'm curious to understand the underlying factors. Is it due to the regulatory uncertainties surrounding cryptocurrencies in India? Or is it a search for more diverse trading options and lower transaction costs? Are offshore platforms offering better liquidity and security? Additionally, what are the risks involved in moving to these offshore platforms, and how do traders mitigate them? I'd appreciate a comprehensive explanation of the phenomenon and its implications.
