Crypto & Stock Market Today: Adani Share Price, PNB Housing, Bitcoin – August 1 Update

India’s crypto landscape is evolving rapidly in 2025, and one of the most searched topics right now is the rise of crypto futures trading platforms. With stiff taxation—30% flat tax on gains and 1% TDS per trade—investors are shifting toward futures instruments that may offer tax flexibility and better risk management. If you are an Indian crypto trader or investor, this is crucial to understand.

Indian crypto taxes: Why futures trading matters

In India, any profit from virtual digital assets (VDAs) is taxed at a flat 30% and every single trade attracts 1% TDS. Losses cannot be offset under these rules. This makes frequent trading expensive and inefficient. As a result, traders are increasingly looking to futures contracts that are structured differently and may qualify under different tax treatment—some even get taxed under regular business income rules, allowing loss offset and slab‑based rates. Platforms offering INR‑denominated futures may help with this.

Top platforms trusted by Indian users

Mudrex

Praised as India’s most cost‑effective futures exchange, Mudrex offers trading fees as low as 0.03% for futures and 0.12% for spot trades. It supports up to 100× leverage, is FIU compliant, and includes beginner‑friendly tools like “Coin Sets.” It stands out for its low cost and accessibility to Indian users.

CoinDCX

CoinDCX handles over 500 cryptocurrencies, offers futures and margin trading up to 100×, and features robust security certifications such as ISO/IEC 27001:2022 and cold wallet storage. INR deposits are accepted with no fees, and futures trading enjoys deep liquidity and advanced features. CoinDCX frequently ranks among India’s most trusted platforms.

CoinSwitch (Kuber / Pro)

This platform aggregates liquidity from global exchanges, supports over 250 coins, and offers futures with up to 100× leverage for select users. Beginner‑friendly, it allows small investments (₹100) and charges zero P2P fees. Its simplicity and ease of use make it highly recommended.

Delta Exchange

Delta supports a wide variety of perpetual and futures contracts on major and niche assets. It charges low fees (0.05% for futures, 0.03% or 10% of premium for options), settlements in INR without exposure to VDAs, and offers leverage up to 200×. It is ideal for sophisticated traders seeking advanced order types and tax flexibility.

ZebPay

A pioneer in Indian crypto, ZebPay now offers perpetual futures up to 75× leverage. Although its fees are slightly higher (0.15–0.25%), its reputation, strong offline storage solutions, and insured funds make it a secure choice for conservative investors.

Key factors traders should compare

Fees & Leverage: Mudrex leads with industry‑low futures fees; CoinDCX and CoinSwitch offer up to 100× leverage.

INR Settlement & Tax Treatment: Platforms like Delta and CoinSwitch that use INR‑based contracts may allow tax treatment under business income rules, enabling loss set‑off.

Security & Compliance: CoinDCX and Mudrex are FIU‑registered and ISO certified. WazirX’s 2024 hack (loss of $234M) underscores the importance of security history.

Platform Maturity: Delta offers margin, options, futures, and bots; Mudrex and CoinSwitch simplify access for Indian users.

Customer Support & Localization: Platforms with regional language support, quick KYC, and compliance reports reduce friction.

Recent regulatory developments affecting futures traders

India’s Income Tax Department collected over ₹437 crore by using AI and analytics to detect undisclosed crypto income. The CBDT has launched probes into high‑value VDA investors, tightening surveillance on futures trading and transfers. This underscores the need for full compliance and accurate record‑keeping.

Stock market snapshot: Key Indian shares, August 1, 2025

PNB Housing Finance dropped sharply—shares fell nearly 17%, trading around ₹820 after the surprise resignation of CEO Girish Kousgi. Trading volumes surged to nearly 17× the 30‑day average. Analysts labeled it a short‑term bearish trigger, though the company insists its strategic priorities remain intact.

Adani Enterprises shares dipped marginally—trading around ₹2,420, reflecting a modest decline of 0.1% as markets broadly reacted to U.S. tariffs on Indian exports and weak sector earnings.

Platform guide: Quick comparison of top five

Platform Futures leverage Futures fees INR settlement Key strengths

Mudrex ≤100× 0.03% Yes Lowest fees, beginner friendly

CoinDCX ≤100× (50× alt) 0.03–0.5% Yes Security, liquidity, tax tooling

CoinSwitch ≤100× ~0.1% Yes Liquidity aggregation, simplicity

Delta Exchange ≤200× 0.05% INR contracts Professional tools, options, bots

ZebPay ≤75× 0.15–0.25% Yes Trust, insurance, FIU compliance

Risks & best practices for Indian futures trading

Use strong authentication, hardware or multi‑sig wallets; avoid storing funds on exchanges.

Limit leverage to 10–20× initially until familiar with margin dynamics.

Track trade receipts and TDS details carefully for tax compliance.

Steer clear of platforms with unclear withdrawal processes or audit history.

Understand expiry cycles, funding rates, liquidations, and counterparty risks before trading.

Getting started: Step‑by‑step

1. Choose your platform based on goals—low fees, INR futures, or professional tools.

2. Complete KYC verification and deposit via UPI or IMPS.

3. Start with a small trade to test execution and withdrawals.

4. Record all transactions for filings and compliance.

5. Use limit or stop orders to manage risk and only invest what you can afford to lose.

Conclusion

With Indian traders grappling with heavy taxation and tighter oversight, crypto futures platforms such as Mudrex, CoinDCX, CoinSwitch, Delta Exchange, and ZebPay provide compelling alternatives. They offer lower fees, high leverage, INR settlement, and possible tax advantages. However, choosing regulated and secure platforms—and adhering to disciplined risk and tax practices—is critical. As India’s crypto ecosystem matures, these futures platforms are becoming essential tools for experienced traders seeking smarter, compliant growth.

Author

A.Fis a passionate financial content writer and crypto enthusiast who closely follows trends in Indian and global markets. He specializes in simplifying complex topics like cryptocurrency, blockchain, and stock market analysis for beginner and intermediate readers. His goal is to help people understand digital finance and make more informed decisions.

⚠️ Risk Disclaimer

This blog is intended for informational purposes only and should not be considered financial advice. The opinions shared here are personal and based on current market data. Investing in cryptocurrency, stocks, or financial products involves risks, and prices can be highly volatile. Readers are strongly advised to do their own research or consult with a certified financial advisor before making any investment. The author will not be held responsible for any losses or gains arising from the use of the information provided.