It has been a long-standing tradition in the trading community of India to buy stocks in Diwali as it is considered to bring good fortune. The stock markets open for trading during a non-scheduled trading hour usually in the evening letting traders make the most of the ‘Shubh Muhurat‘. CoinDCX has become the first crypto exchange to launch muhurat trading in the cryptocurrency markets.
Unlike a stock market which is closed on the weekends and public holidays, cryptocurrency markets are functional throughout the year. CoinDCX exchange will offer trading fee rebates for investors who trade during the muhurat trading window. Muhurat trading will be available on CoinDCX for three days – October 27-29, 2019. Users can initiate new buy orders and open new positions on DCXtrade and DCXmargin to avail the benefits of muhurat trading.
Users should note that the Trading Fee Rebate will only be available up to Rs 500. Traders will receive the rebate within 7 working days after the trades. This is another great initiative by an Indian exchange to honour the sentiments of the Indian traders!
(Image Credit: CoinDCX Blog)
Team Crypto Dost wishes all our readers a very happy and prosperous Diwali!