CoinDCX Crypto Exchange | Coindcx Wiki.

CoinDcx is India’s leading Cryptocurrency Exchange with an aim to provide a user-friendly experience to the customer. It was launched on 8th April 2018, by Sumit Gupta and Neeraj Khandelwal, headquartered in Mumbai, India. CoinDCX Crypto Exchange became India’s crypto-based Unicorn startup at a valuation of $ 1.1 billion in 2021.

CoinDcx History-

CoinDCX Crypto Exchange was founded in April 2018 by IIT graduate Sumit Gupta. He started India’s first location-based online Cryptocurrency marketplace. It became a multimillion-dollar company within a year. DCX is a Singapore-based online Company. It has specialized in Crypto-enabled financial services. DCX is bringing a revolution in Crypto based products by developing seamless financial services that will make them faster, simpler, and uninterrupted flow of cash.

In March 2019, The Company raised $ 0.5 million in funds in its seed round from the Venture capital Company, Bain Capital Venture, and other investors such as Sanjay Mehta, Sung Ho Choi (founder, FuboTV), Utsav Somani (partner at AngelList India).

In May 2020, it raised $ 3 million US dollars through the series A funding round led by the Polychain Capital, Bain Capital venture, and HDR group, operated by BitMEX. The company announced on May 25, 2020, CoinDcx has used the capital raised to promote the mass adoption of Cryptocurrency in India. They started the ‘TryCrypto’ campaign Nationwide. The ‘TryCrypto’ campaign initiative from CoinDcx is planning to launch its Cryptocurrency and Blockchain technology learning & training program. It will help the new age or first-time investors in Crypto assets.

In August 2021, CoinDCX Crypto Exchange was valued at $1.1 billion in August when it raised $90 million in a funding round led by Facebook co-founder Eduardo Saverin’s fund B Capital. Its existing investors such as Coinbase, Block.one, Venture, Jump Capital, and Polychain Capital. the company would decide on the IPO timeline depending on government regulations, said Co-founder Khandelwal.

CoinDcx Services-

CoinDcx India’s safest Crypto Exchange will give you Buy and Sell options in 250 plus Cryptocurrencies with up to 6X margin basis. With CoinDcx you haven’t worried about losing your funds and crypto asset, their all funds are protected by BitGo Insurance policy. The Exchange is an ISO-certified company that provides high liquidity with faster trade execution in any Cryptocurrency.

CoinDCX Crypto Exchange started its own E-learning platform for New investors. This platform comes under the ‘TryCrypto’ campaign run by CoinDcx. It’s giving you detailed information about Cryptocurrency and Blockchain technology. They also provide Cryptocurrency certification courses by Blockchain Council and you have to pay an INR 9999 fee.

Partnership-

CoinDCX Crypto Exchange has business partners for the Cryptocurrency wallet, Exchanges, and Capital support. Binance Holding Limited, Huobi, OKEX is the exchange partner of the index in the global market. Bain Capital venture, Polychain Capital, Coinbase, and BitMEX are the investors in CoinDcx for its future strategies. 

It is the first exchange that has automated the KYC process by partnering with Onfido. This will help them to securely verify more than 1.5 lakh applications at a time without compromising on speed, safety, and customer experience.

CoinDCX Crypto Exchange has media coverage from Outlook, CNBC, Nasdaq, Yahoo Finance, LiveMint, Economic Times, Ciondesk, Compost, etc.

Awards-

• CoinDCX Crypto Exchange received the Excellence in Finance Companies award at ‘ The Annual FinNext Tech Award & Conference’ in Feb 2020, in Dubai.
• It won the prestigious ‘IFTA 2020’ Award for the Best Use of Blockchain in Finance Services.
• It has achieved ‘The Great Place to Work Certificate’ for its excellent working environment and endorsed its employer’s brands.
• CoinDcx was recognized by Tracxn among the Top Blockchain start-ups.
• ‘Indian Achievers Award’ given for CEO of the year to Sumit Gupta (CEO of Coindcx).

CoinDcx Feature Highlights-

• Instant deposit and withdrawal services with zero fees.
• User-friendly experience with limitless trading.
• User funds are secured and insured with BitGo.
• Provide 24×7 customer support.

Account Opening Process-

Update

• As an official clarification, we would like to reiterate that there is no immediate plan in the foreseeable future to announce an IPO,” said the company’s spokesperson.