Crypto futures overtake spot deal; Eternal’s tax woes

Indian crypto traders are shifting to futures trading for higher leverage and tax benefits. This and more in today’s ETtech Top 5.

Also in the letter:
■ ETSA 2025: Jury reveal
■ Dream Sports downplays layoff risk
■ Indian IT firms look past US

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Indian traders pivot to crypto futures

Futures trading is now the dominant play in Indian crypto circles. On local exchanges, volumes in crypto futures have surged to nearly three times those in spot markets.

Why it matters: Futures let traders make bigger bets with small upfront capital — often using 50x…