Nithin Kamath Points Out Risks in India’s Developing Crypto Market Future

Zerodha co-founder Nithin Kamath has raised concerns about India’s booming crypto futures market, pointing to extreme leverage and tax loopholes driving the surge. Unlike spot trades that fall under strict taxation, futures remain in a regulatory grey zone, enabling traders to bypass both TDS and the 30% tax on VDAs. Experts caution that while leverage can exceed 50x, the lack of oversight leaves investors exposed to heightened financial risks