India’s local crypto exchanges get just 0.7% of inflows, Chainalysis reports
Chainalysis estimates that India-based users sent $88.4 billion to centralized exchanges from July 2025 to June 2026, but India-based platforms received just 0.7% of exchange value, down from about 7% in 2022. In Brazil, domestic platforms’ share rose from 1.5% to 12.5%. The figures measure geographically attributed exchange inflows, not trades, revenue or customer numbers, and the report does not specify matching dates or samples for the shares. India’s 1% withholding on eligible crypto transfers may reduce funds available for further trading; an exchange executive cited tax friction as a factor in offshore use, but its contribution to the decline is unmeasured. Chainalysis also points to regulatory clarity, investment and local offerings as possible drivers of Brazil’s domestic-platform growth.
