Indian cryptocurrency exchange Bitbns now allows Shiba Inu (SHIB), Dogecoin (DOGE), and XRP Tradable Assets on Futures. It also provides trading in a variety of other cryptocurrencies, such as Solana (SOL), Ethereum (ETH), Cardano (ADA), Polygon (MATIC), and the native BNS token, via Tether (USDT) margined perpetual swaps. 📢Bitbns Futures now offers futures in $XRP, $DOGE, $SHIB! Bitbns Futures has added @Ripple @dogecoin & @Shibtoken as new tradable assets on Futures. Read more: https://t.co/zOITHhg82U#BitbnsFutures — Bitbns (@bitbns) September 2, 2022 Tradable Assets On Futures It has a trading fee of 0.1%, which is substantially less than spot trading. According to the exchange, there is no tax deducted at the source (TDS) on futures trading. Early in July, the Bitbns exchange debuted its futures platform. It was created four years ago using a margin trading mechanism. Leverage for traders can reach 10x. Bitbns users can trade concurrently in long and short positions using the same trading instrument. Local law enforcement officials last month suspended Bitbns’ bank account. It would compel the trading platform to postpone Indian rupee (INR) withdrawals. India’s Enforcement Directorate is investigating several cryptocurrency exchanges suspected of aiding in money laundering. Crypto Tax Regulations After the Indian government implemented new crypto tax regulations that compel trading platforms to collect a 1% TDS on cryptoc...
