The owner of Indian cryptocurrency exchange CoinSwitch is launching a stock trading app as digital-asset volumes languish following a punitive tax regime introduced two years ago.
PeepalCo on Tuesday announced the launch of Lemonn, which will initially offer equities trading and over time be expanded into product areas like mutual funds and derivatives.
The initiative comes amid an equities boom in India that’s seen the local stock market more than triple in value since the start of the Covid-19 pandemic. Crypto trading, meanwhile, has yet to recover from a transaction tax that took effect in mid-2022, just as
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