Exchanges· ★★· neutral·

ZebPay: 63% of Users Made No Trades in H1 2026

  • 63% of ZebPay users made no trades in H1 2026
  • 29% of users traded while continuing to hold assets
  • Over 120,000 new registrations in January–June 2026
  • About 50% of new users were aged 18 to 24
Why it matters: The high share of holders points to the impact of India's 30% tax and 1% TDS on trading activity.
Source: The Crypto Times