After the encryption ban is lifted, many Indian exchanges reduce transaction fees to attract users

Since the Supreme Court of India lifted the country ’s central bank, the Reserve Bank of India (RBI) cryptocurrency ban, the Indian cryptocurrency industry has been growing, and local crypto exchanges have also seen rising trading volumes and contracted volumes. It is understood that several cryptocurrency exchanges in India have recently decided to lower the fee rate in order to further attract more users. The details are as follows: 1. Nischal Shetty, CEO of Wazirx, said that the exchange ’s native token WRX will only charge a 0.1% handling fee, and the withdrawal fee has been reduced to 1.5 USDT; BTC-USDT, ETH-USDT, XRP-USDT, ETH-BTC and TUSD-USDT transaction fees are free in March; 3. Coindcx said it will reduce withdrawal fees to 0.0005 BTC; 4. The oldest cryptocurrency exchange in India One of them, Unocoin, also announced that it will reduce the transaction fee rate for buying and selling bitcoin to 0.7%, and gold members can be reduced to 0.5%; 5. Other Indian cryptocurrency exchanges that reduce transaction fees include Cashaa, Pocketbits, Giotus and Bitbns.