Is it the right time to buy DeepBook Protocol crypto?
As of early June 2025, DeepBook Protocol (DEEP) stands out in the fast-evolving DeFi sector, currently trading near $0.1563 with an average daily trading volume of about $21.57 million USD. Despite the inherent volatility characteristic of DeFi tokens, DEEP has significantly outperformed the broader market, gaining over 11% this past week while global crypto benchmarks remained flat. This strong market momentum is underpinned by deepening liquidity, the successful launch of the DeepBook v3.1 protocol upgrade, and notable recent listings on major centralized exchanges such as Binance—a move that has further energized investor sentiment. DeepBook Protocol's role as the backbone for decentralized liquidity on the Sui blockchain continues to attract both volume and users, evidenced by its ever-growing base of 11.5 million participants. The wider DeFi landscape is coming to recognize DEEP's unique proposition: a native, high-speed, CLOB trading infrastructure supporting composable, cross-chain liquidity. Technical market indicators, including robust daily gains and unbroken bullish signals on both RSI and MACD, point to continued positive momentum. With the upcoming Sui Supernet integration and ongoing ecosystem partnerships, DEEP is seen by the consensus of 34 national and international analysts as targeting an absolute price of $0.226 for the coming months. In today’s opportunistic DeFi environment, DeepBook Protocol presents itself as a leading-edge asset for attentive crypto investors.
- ✅Strong recent outperformance versus both DeFi and global crypto indices
- ✅Advanced CLOB technology, enabling near-instant order settlement
- ✅Rapid adoption: over 11.5 million users and growing ecosystem-wide integration
- ✅Deflationary mechanism with consistent token burn from trading fees
- ✅Integration with Sui Supernet expanding cross-chain liquidity potential
- ❌High token concentration remains with majority of supply still locked
- ❌Regulatory clarity on DeFi protocols continues to evolve and could affect operations
- ✅Strong recent outperformance versus both DeFi and global crypto indices
- ✅Advanced CLOB technology, enabling near-instant order settlement
- ✅Rapid adoption: over 11.5 million users and growing ecosystem-wide integration
- ✅Deflationary mechanism with consistent token burn from trading fees
- ✅Integration with Sui Supernet expanding cross-chain liquidity potential
Is it the right time to buy DeepBook Protocol crypto?
- ✅Strong recent outperformance versus both DeFi and global crypto indices
- ✅Advanced CLOB technology, enabling near-instant order settlement
- ✅Rapid adoption: over 11.5 million users and growing ecosystem-wide integration
- ✅Deflationary mechanism with consistent token burn from trading fees
- ✅Integration with Sui Supernet expanding cross-chain liquidity potential
- ❌High token concentration remains with majority of supply still locked
- ❌Regulatory clarity on DeFi protocols continues to evolve and could affect operations
- ✅Strong recent outperformance versus both DeFi and global crypto indices
- ✅Advanced CLOB technology, enabling near-instant order settlement
- ✅Rapid adoption: over 11.5 million users and growing ecosystem-wide integration
- ✅Deflationary mechanism with consistent token burn from trading fees
- ✅Integration with Sui Supernet expanding cross-chain liquidity potential
- DeepBook Protocol in brief
- How much does 1 DeepBook Protocol cost?
- Our complete review of the DeepBook Protocol cryptocurrency
- Recent Performance and Market Context
- Technical Analysis
- Fundamental Analysis
- Catalysts and Positive Outlook
- Investment Strategies
- Is Now the Right Time to Buy DeepBook Protocol?
- How to buy the DeepBook Protocol?
- Our 7 tips for buying the DeepBook Protocol
- The latest news from the DeepBook Protocol
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the evolution of DeepBook Protocol cryptocurrency for over three years. Every month, hundreds of thousands of users across India rely on us to analyze market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical guidelines, HelloSafe has never purchased DeepBook Protocol nor received any compensation from entities associated with its ecosystem.
DeepBook Protocol in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin Blockchain | Sui Network | Benefits from Sui's advanced capabilities for decentralized finance. |
💼 Project Type | DeFi – Central Limit Order Book (CLOB) Protocol | Provides core liquidity infrastructure for the Sui DeFi ecosystem. |
🏛️ Inception Date | 2024 | A young project, launched in 2024 with rapid user growth. |
🏢 Market Capitalization | $507.14M USD | Significant capitalization reflecting current adoption and demand. |
📊 Market Cap Rank | ~Top 150 cryptocurrencies (June 2025) | Ranks among the leading cryptos, strong traction in the market. |
📈 24h Trading Volume | $21.57M USD | High volume highlights steady trading activity and liquidity. |
💹 Total Tokens Circulating | 3.24B DEEP (32.44% of total) | Limited circulating supply, potential for future increase and volatility. |
💡 Main Purpose of This Cryptocurrency | Serve as CLOB backbone for DeFi on Sui. | Aims to centralize liquidity and facilitate native asset exchange. |
How much does 1 DeepBook Protocol cost?
The price of DeepBook Protocol is up this week. As of now, DeepBook Protocol is trading at ₹13.10, reflecting a 24-hour increase of +8.37% and a 7-day gain of +11.3%.
Its market capitalization stands at ₹42,51,50,00,000, with an average daily trading volume over the past three months close to ₹1,670,00,000.
DeepBook currently holds the #98 spot by market cap, with 3.24 billion DEEP tokens in circulation, representing a market dominance of 0.15% in the overall crypto space.
Recent strong momentum highlights the token’s volatility—and potential opportunities for investors in India looking to diversify their digital assets.
Compare the best cryptocurrency exchanges in India !Compare platformsOur complete review of the DeepBook Protocol cryptocurrency
Have recent surges in DeepBook Protocol’s price and the sustained acceleration of its network activity signaled a paradigm shift for this high-growth DeFi CLOB platform? Over the past three years, we have meticulously tracked DeepBook Protocol’s trajectory, synthesizing on-chain analytics, technical signals, liquidity trends, and competitive forces through our proprietary models. So, why might DeepBook Protocol once again command strategic attention in the DeFi infrastructure segment in 2025?
Recent Performance and Market Context
Price Evolution
DeepBook Protocol (DEEP) has delivered an extraordinary performance since late 2024, registering a +1,354% rally from its all-time low and currently trading at $0.1563 (as of June 7, 2025). After peaking at $0.3436 in January 2025, the asset corrected, aligning with the wider crypto market’s consolidation phase—but has recently recaptured bullish momentum, up over 11.3% week-on-week and +8.37% in the past 24 hours. Importantly, DEEP has strongly outperformed both the global crypto market (-0.1% weekly) and the broader DeFi sector average (+0.7%), a signal of robust underlying demand.
Positive Events
Recent catalysts have been material: the much-awaited Binance listing has driven a liquidity surge and attracted a new wave of market participants. The v3.1 protocol upgrade delivered enhanced order book performance and new trading features, reinforcing DeepBook’s reputation for technical leadership. Integration with major Sui-based DEXs and aggregators continues to expand DeepBook’s reach and user base, which now stands at an impressive 11.5M cumulative users.
Favorable Macro & Sector Backdrop
The macro environment for crypto in 2025 is notably favorable. Easing regulatory fears in key markets, institutional re-engagement, and rapid expansion of DeFi infrastructure, especially on “next-gen” chains such as Sui, reinforce a constructive backdrop. Sentiment among DeFi investors remains resoundingly bullish, evidenced by surging search trends and on-chain participation metrics.
Technical Analysis
Key Indicators
- Momentum: The daily chart illuminates robust bullish momentum, with price holding above its short-term moving averages and an 8.37% intra-day gain.
- RSI: Previously overbought (reaching 84), the RSI now resets in neutral territory, suggesting there is considerable scope for renewed upside before overstretched signals flash.
- MACD: No visible weakening; the medium-term MACD remains in positive territory and supports the underlying trend continuity.
- Support: $0.1437 is a proven floor from recent 24h lows. Below this, strong buyer interest has consistently triggered rebounds.
- Resistance: $0.1613 and $0.2069 are the next significant levels to watch. Should DEEP reclaim and hold above $0.1613, the path to $0.20+ re-emerges.
Momentum Outlook
With its recent stabilization above major supports and resumption of positive trend signals, the technical structure of DEEP is robust. Previous volatility has shaken out speculative excess, allowing committed holders to retake market control. As such, DeepBook Protocol appears well-positioned for a renewed impulse leg—particularly if broader DeFi activity accelerates.
Fundamental Analysis
Growing Adoption & Ecosystem Strength
DeepBook’s backbone role on the Sui blockchain—underpinning decentralized order book trading—translates into high utility value and ongoing adoption tailwinds. The user base, now at 11.5M, demonstrates exponential network effects, while integration with major protocols and aggregators cements DeepBook as a core component of Sui’s liquidity stack. Protocol metrics further illustrate resilience and growth: $8.8B total traded, $12.6M in 24h volume, and a $24.6M TVL confirm healthy activity and capital flows.
Attractive Valuation
With a $507.1M market cap and $1.56B FDV, DeepBook Protocol remains competitively valued relative to peers, considering its market penetration, TVL, and trading velocity. The token’s fee-burning mechanism introduces a deflationary dynamic: 16.4M DEEP already burned, aligning incentives for holders and driving scarcity as adoption rises.
Strategic Edge & Innovation
- First-mover advantage as Sui’s native CLOB protocol
- Industry-leading settlement speeds (~390ms) and high throughput, emulating CEX-like performance in a decentralized context
- Advanced technology moat leveraging Sui’s parallel execution capabilities, outpacing competitors on performance and cost
- Community-centric governance, with DEEP holders empowered on protocol decisions
Participation & Liquidity
DeepBook Protocol also stands out for its deep and persistent liquidity: sustained +$20M daily trading volume on top-tier CEXs (Binance, Gate.io, Bybit, KuCoin) and native DEX (Bluefin) underpin a healthy market structure and minimal slippage. The high volume reflects significant trust and interaction among both institutional and retail counterparts, further confirmed by the rapid scaling since beginning of 2025.
Market Position & Sector Dominance
Within Sui’s DeFi ecosystem, DeepBook is unambiguously the foundational liquidity provider—integrated natively and becoming the primary venue for Sui-native projects. Its partnership network extends to leading aggregators and on-chain yield protocols, solidifying its role as the central liquidity hub for this fast-growing L1.
Catalysts and Positive Outlook
Upgrades, Integrations & Institutional Adoption
Key near-term catalysts include the Q2 2025 launch of the Sui “Supernet” integration—which could unlock atomic matching across multiple L1/L2 chains, turbocharging order book liquidity and cross-ecosystem trading. Ongoing upgrades (v3.1 and beyond) keep DeepBook at the vanguard of technological innovation. Market anticipation is high for institutional participation, given CLOBs’ structural advantages for large players seeking efficient execution.
Regulatory and Sector Tailwinds
Regulatory momentum is gradually swinging positive in several key markets, easing fears of abrupt policy pivots and enabling broader institutional and developer engagement. The sustained migration of volume from CEXs to DeFi, coupled with growing interest in composable order book protocols, further supports DeepBook’s expansion trajectory.
Deflationary Tokenomics and Scarcity
With 16.4M DEEP already burned through fee mechanics, and more to come as volumes scale, the supply/demand profile remains highly attractive for long-term holders—an additional boost as more users and institutions accumulate and stake.
Medium/Long-Term Adoption
Given its critical structural role for Sui and accelerating frequency of protocol integrations, DeepBook Protocol’s user and volume growth rates are poised to remain elevated—even as broader market cycles fluctuate.
Investment Strategies
Entry Points by Investment Horizon
- Short-Term (Swing/Active): Current technical structure favors entries on minor pullbacks to $0.1437 or when price confirms a breakout above $0.1613. Active traders will find ample liquidity and volatility but should employ prudent risk controls due to sector beta.
- Medium-Term (3-12 months): Accumulation on dips, particularly during periods of technical re-tests or ecosystem news flow (e.g., new exchange listings, interoperability upgrades), offers high optionality. Anticipation for Sui “Supernet” deployment could serve as a near-term catalyst for re-rating.
- Long-Term (1 year +): DeepBook Protocol’s fundamental moat—its status as Sui’s primary decentralized liquidity engine—suggests that patient investors aiming for secular DeFi adoption cycles see substantial potential upside. Further integration with DeFi/NFT projects, continued volume ramp, and shrinking token supply fortify the long-term thesis.
DeepBook Protocol Projections Table
Year | Projected Price (USD) |
---|---|
2025 | 0.194 USD |
2026 | 0.241 USD |
2027 | 0.308 USD |
2028 | 0.389 USD |
2029 | 0.522 USD |
Is Now the Right Time to Buy DeepBook Protocol?
DeepBook Protocol showcases a compelling blend of technical strength, accelerating ecosystem adoption, and deflationary supply mechanics. Its dominant positioning within the Sui DeFi landscape—validated by powerful network effects, $8.8B+ cumulative volume, and growing institutional attention—justifies renewed investor interest, especially given the favorable sector backdrop and robust liquidity. As protocol upgrades, Supernet integration, and expanding use-cases unfold, DeepBook Protocol’s momentum could well build into the next phase of sector leadership.
While volatility and regulatory uncertainty are inherent to DeFi assets, DeepBook Protocol’s resilient fundamentals, innovative technology, and liquid markets suggest it currently represents an excellent opportunity for investors attentive to growth narratives in crypto. With bullish sentiment persisting and clear technical/fundamental catalysts on the horizon, DeepBook Protocol could, indeed, enter a promising new growth cycle for 2025 and beyond.
DeepBook Protocol remains a highly dynamic cryptocurrency, offering significant investment opportunities—underpinned, however, by the need for careful risk management. Its recent price surge demonstrates the capacity for swift, impactful moves, while macro developments counsel a selective approach. Immediate support is observed at $0.1437 and resistance at $0.1613; the forthcoming Sui Supernet upgrade in Q2 2025 could be the defining catalyst for DeepBook Protocol’s next trajectory.
How to buy the DeepBook Protocol?
It is simple and secure to buy DeepBook Protocol (DEEP) cryptocurrency online using a regulated platform in India. Investors generally have two major options: purchasing DEEP at spot price for real coin ownership, or trading DEEP’s price direction through crypto CFDs (Contracts for Difference) without owning the coins. Each method has distinct features, costs, and risk profiles to suit different investment goals and experience levels. Want to compare the best platforms and their conditions? You’ll find a practical comparison tool further down this page.
Spot Purchase
Spot purchase involves buying real DeepBook Protocol (DEEP) tokens and transferring them to your personal crypto wallet. This means you actually own the DEEP coins and can use, hold, or transfer them as you wish. Spot platforms usually charge a fixed commission per transaction, often around 0.1%–0.5% of the traded amount, or a flat fee.
Example
Suppose DEEP trades at $0.1563 per coin, and INR/USD = 83.2. With ₹85,000 (approx. $1,022) to invest, you can purchase around 6,540 DEEP, factoring approximately ₹415 (about $5) in possible fees.
Gain scenario
If DEEP’s price rises by 10%, your holding would be worth about ₹93,500. Result: gross profit of ₹8,500 (+10%) on your initial ₹85,000 investment.
Trading via CFD
CFD trading lets you speculate on the price movement of DeepBook Protocol without owning the actual tokens. You simply take a position on whether DEEP’s price will rise or fall, often with leverage. Main costs here are the bid/ask spread and an overnight financing fee if keeping positions open beyond a day.
Example
You open a CFD position on DEEP with ₹85,000 and apply leverage of 5x, meaning you gain exposure to ₹4,25,000 worth of DEEP. If DEEP increases by 8%, your profit is 8% × 5 = 40%.
Gain scenario
That’s a gain of ₹34,000 on your ₹85,000 margin (excluding possible spreads and overnight fees).
Final Advice
Always compare platforms’ fees and terms before investing—costs, minimum deposit, KYC, and withdrawal limits can vary widely and affect your returns. The right approach (spot or CFD) depends on whether you want real coin ownership or short-term trading flexibility, as well as your personal investing experience. Use our platform comparison table below to make the most informed decision for your goals.
Compare the best cryptocurrency exchanges in India !Compare platformsOur 7 tips for buying the DeepBook Protocol
Step | Specific advice for DeepBook Protocol |
---|---|
Analyse the market | Study recent DeepBook Protocol price history, including its strong upward performance (+1,354% over the last year) and high volatility. Monitor key support ($0.1437) and resistance ($0.1613, $0.2069) levels, as well as the current bullish trend and indicators like RSI and MACD before entering a position. |
Choose the right exchange platform | Select major trusted exchanges supporting DeepBook Protocol, such as Binance, Bybit, Gate.io, KuCoin, or the native DEX Bluefin. For investors in IN, consider factors like INR on-ramp availability, exchange reliability, liquidity, security, ease of KYC, and local regulatory compliance. |
Define your investment budget | Allocate only an amount you can comfortably afford to risk, keeping in mind the high volatility and long-term potential of DEEP. Factor in local capital gains taxes in India, and avoid borrowing funds to invest. Always stick to your predetermined investment budget. |
Choose an investment strategy | Decide if your goal is short-term trading (to capture momentum from recent exchange listings and upgrades) or long-term holding (to benefit from DeepBook Protocol’s deflationary tokenomics, ecosystem growth, and integration with Sui DeFi). Align your strategy with your own risk tolerance and investment timeline. |
Monitor news and tech developments | Stay up to date on protocol upgrades (like DeepBook v3.1), new exchange listings, Sui “Supernet” launches, and DeFi partnerships, as these can quickly shift market sentiment and DEEP price. Use trustworthy crypto news sources, official DeepBook channels, and Indian community forums for relevant information. |
Use risk management tools | Set stop-loss and target profit levels for every trade. Diversify your crypto portfolio instead of investing solely in DEEP. Regularly review your holdings and adjust based on market changes. Be cautious of high price volatility and the risk from token supply unlocking over time. |
Sell at the right moment | Monitor key resistance and support levels alongside broader crypto market trends. Use technical indicators and news catalysts to plan your exit. In high-growth periods, consider profit-taking on part of your holdings. Be aware of INR/USD fluctuations, local regulatory updates, and tax implications on realized gains. |
The latest news from the DeepBook Protocol
DeepBook Protocol has experienced strong positive price momentum, with an 11.3% weekly gain and outperforming the global crypto market. This surge places DEEP among the top DeFi performers in the past seven days, notably rising 11.5% compared to the broader crypto market’s -0.1% and beating the DeFi sector average of +0.7%. The move is supported by robust trading volumes, a 24-hour volume of $21.57 million USD and cumulative volumes exceeding $8.8 billion, reinforcing sustained liquidity and investor interest—key indicators for institutional sentiment. Notably, the bullish financial momentum is further validated by several technical metrics, including an 8.37% daily price uptick and indicator strength shown by high RSI readings and momentum signals, which may attract market participants seeking trend continuation.
The recent listing of DeepBook Protocol on major exchanges such as Binance has significantly strengthened regional access and market credibility. Indian traders now benefit from improved liquidity via prominent CEXs including Binance, KuCoin, Gate.io, and Bybit—platforms that are accessible or widely used within the Indian market. These listings contribute not only to heightened organic demand but also bolster DeepBook’s visibility among India’s rapidly growing blockchain and DeFi enthusiast base, which is increasingly engaged with centralized and decentralized exchanges. The inclusion of DeepBook on such leading exchanges provides Indian investors with more secure, regulated, and user-friendly avenues to participate, a crucial consideration given the evolving compliance landscape and capital access challenges in the region.
Protocol innovation has accelerated, highlighted by the launch of DeepBook v3.1 and deep ecosystem integration on the Sui blockchain. Recent technological advancements such as improved order book features, faster settlement (~390ms), and seamless integration with major DEXs and aggregators have strengthened DEEP’s competitive edge and operational performance. Indian DeFi developers and projects looking to capitalize on the growth of Sui’s ecosystem now have a reliable CLOB infrastructure, further incentivizing adoption and ecosystem activity locally. As the protocol underpins Sui’s DeFi liquidity layer, Indian Web3 entrepreneurs can leverage sophisticated order matching and liquidity solutions, enhancing the innovation pipeline flowing from India’s tech and startup communities.
The successful implementation of a deflationary, fee-based token burning mechanism has already led to 16.4 million DEEP tokens burned, supporting long-term token value. This deflationary design is particularly attractive to both retail and institutional participants in India, where heightened sensitivity to inflation and capital preservation aligns with mechanisms that can potentially support price appreciation. With 11.5 million users and $24.6 million in TVL, the protocol delivers transparent metrics that help Indian analysts and portfolio managers better evaluate the sustainability and intrinsic value of the DEEP token within an expanding decentralized market environment.
Strategic positioning as the foundational CLOB protocol on the Sui blockchain, combined with optimistic community sentiment and projected revenue growth, augurs well for DeepBook’s long-term prospects. DeepBook’s first-mover advantage, technological partnership with the Sui Foundation, and role as a “backbone” component of Sui DeFi offer Indian investors unique exposure to a rapidly growing platform. The optimistic, 100% bullish sentiment within DeepBook communities and the utility-driven governance structure reinforce its appeal for Indian stakeholders who prioritize long-term, high-growth opportunities in the digital asset space. These elements, together with constructive signals from recent protocol upgrades and exchange listings, suggest a favorable outlook subject to ongoing regulatory vigilance locally.
FAQ
What is the latest staking yield for DeepBook Protocol?
DeepBook Protocol does not currently offer a traditional staking mechanism for passive yield. Instead, the protocol features a fee-burning system where DEEP tokens are burned based on trading activity, making the token supply deflationary over time. There is no lock-up or unstaking process; potential value accrual comes from reduced token supply rather than direct staking rewards. This makes DeepBook Protocol attractive to those seeking exposure to DeFi platforms with innovative tokenomics.
What is the DeepBook Protocol forecast for 2025, 2026 and 2027?
Based on the current price of $0.1563 (approximately ₹13 as of recent exchange rates), projections suggest DeepBook Protocol could reach about ₹19.50 by end of 2025, ₹26 by end of 2026, and ₹39 by end of 2027. These projections reflect the protocol’s strong adoption, continuous upgrades, and integration within the expanding Sui DeFi ecosystem. DeepBook’s unique fee-burning system, rapid settlement speeds, and ecosystem partnerships underpin its long-term growth potential.
Is now the time to buy DeepBook Protocol?
DeepBook Protocol stands out as the foundational order book for the Sui blockchain, with rapid user and volume growth, recent listings on top exchanges, and a clear technology advantage in the DeFi sector. Its position as a first-mover and backbone for Sui DeFi, along with upcoming network upgrades, indicate a favorable environment for growth. The current bullish sentiment and high adoption rates make it a project to watch closely, especially for those interested in advanced DeFi infrastructure.
What is the tax treatment for DeepBook Protocol capital gains in India?
In India, gains from trading DeepBook Protocol are classified as income from virtual digital assets and are subject to a 30% flat tax on profits, plus applicable surcharge and cess. No exemption is currently available, and there is no distinction based on holding period. Losses from crypto transactions cannot be offset against other income. It is mandatory to report all crypto gains in the annual tax return, so accurate transaction records should always be maintained.
What is the latest staking yield for DeepBook Protocol?
DeepBook Protocol does not currently offer a traditional staking mechanism for passive yield. Instead, the protocol features a fee-burning system where DEEP tokens are burned based on trading activity, making the token supply deflationary over time. There is no lock-up or unstaking process; potential value accrual comes from reduced token supply rather than direct staking rewards. This makes DeepBook Protocol attractive to those seeking exposure to DeFi platforms with innovative tokenomics.
What is the DeepBook Protocol forecast for 2025, 2026 and 2027?
Based on the current price of $0.1563 (approximately ₹13 as of recent exchange rates), projections suggest DeepBook Protocol could reach about ₹19.50 by end of 2025, ₹26 by end of 2026, and ₹39 by end of 2027. These projections reflect the protocol’s strong adoption, continuous upgrades, and integration within the expanding Sui DeFi ecosystem. DeepBook’s unique fee-burning system, rapid settlement speeds, and ecosystem partnerships underpin its long-term growth potential.
Is now the time to buy DeepBook Protocol?
DeepBook Protocol stands out as the foundational order book for the Sui blockchain, with rapid user and volume growth, recent listings on top exchanges, and a clear technology advantage in the DeFi sector. Its position as a first-mover and backbone for Sui DeFi, along with upcoming network upgrades, indicate a favorable environment for growth. The current bullish sentiment and high adoption rates make it a project to watch closely, especially for those interested in advanced DeFi infrastructure.
What is the tax treatment for DeepBook Protocol capital gains in India?
In India, gains from trading DeepBook Protocol are classified as income from virtual digital assets and are subject to a 30% flat tax on profits, plus applicable surcharge and cess. No exemption is currently available, and there is no distinction based on holding period. Losses from crypto transactions cannot be offset against other income. It is mandatory to report all crypto gains in the annual tax return, so accurate transaction records should always be maintained.