Bybit Imposes 18% GST on Indian Crypto Trades

• Lyla Velez
• July 6, 2025
• Policy
• 0 Comments

This action affects Indian cryptocurrency traders significantly due to added costs, potentially influencing trading behaviors and market dynamics.

Bybit, a renowned crypto exchange, announced the implementation of an 18% GST on Indian traders to align with local tax laws. The change affects all crypto trading and service fees, including major assets like BTC and ETH.

“In compliance with this requirement, Bybit will be implementing the GST charge on below services starting from Jul 7, 2025. The GST amount will be directly deducted from your received assets.” — Ben Zhou, Co-Founder & CEO, Bybit

The policy change results in potential shifts in Indian users’ trading strategies, possibly redirecting activities toward unaffected platforms. The revised tax impacts crypto fees, altering user engagement with Bybit.

This GST implementation highlights India’s stringent tax policies on digital assets, pushing traders to adapt to a more regulated environment. Concerns have emerged about the viability of local crypto participation under these new charges.

Analysts suggest that the imposition of taxes like GST, alongside existing 30% gains tax and 1% TDS, could redirect volume to decentralized exchanges. Historical trends indicate similar regulatory actions impact user platform choices.