Banking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com.
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Significant Volume Growth, Fees Reduced
London-based banking platform Cashaa announced on Monday that its trading volume in India has grown to over $1 million in less than six weeks since it began offering INR services in October, on the occasion of Diwali, the Hindu festival of lights. The company revealed:
Cashaa’s volume has grown significantly and made company operations profitable in less than 6 weeks in India.
The platform has now reduced its service fee from 3.49% to 1.49%. In addition, users who choose to pay their fees in the CAS token can get a further discount, bringing their net fees down to less than 1%.