CoinDCX is India’s largest and safest cryptocurrency exchange

Basic Information

CoinDCX is India’s largest and safest cryptocurrency exchange. Built with user experience and security in mind, CoinDCX provides instant fiat to crypto conversions with zero fees, so that users can have access to a diverse suite of financial products and services that are backed by industry-leading security processes and insurance protection. CoinDCX aims to be the global gateway to cryptocurrencies. Its proprietary liquidity aggregation model provides its users with access to liquidity from leading global crypto exchanges. Recognised and awarded for its contribution to the Indian emerging tech space, CoinDCX is backed by investors such as Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX. CoinDCX offers users an integrated suite of products, including DCXinsta, providing fiat onboarding from Indian Rupees (INR) to crypto, DCXlend, a decentralised lending service, and DCXmargin, with up to 6x leverage trades and DCXfutures, with up to 20x leverage trades. See more

Legal Name

:

Primestack Pte. Ltd

Headquarters

:

Mumbai, Maharashtra , India

Business Model

:

B2C

Founding Date

:

22nd Jan 2018

No. of Employees

:

41 to 60

Core Team

:
1.

Sumit Gupta

Co-founder and CEO

2.

Neeraj Khandelwal

Co-Founder

Timeline
2018
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Apr | Company Incorporation
CoinDCX aimed to enable global financial inclusion by building a global fin-tech movement in crypto. It was started by building a lite crypto exchange with high liquidity. With perseverance, CoinDCX became Indias largest cryptocurrency exchange.
2019
Mar | Raised Funding
CoinDCX raised $0.5 million in its seed round led by venture capital company Bain Capital Ventures.Other investors included Sanjay Mehta (Mehta Ventures), Sung Ho Choi (Founder, Fubo TV), Utsav Somani (Partner at AngelList India).
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Target Market

B2C

Traders, Young Investors and People with disposable Income.

User Age

:

35 to 45, 26 to 34

User Income

:

High Income, Upper-middle Income, Lower-middle Income

Funding

Total Funding

$6.0M

Investors

:

1.

Sung Ho Choi

2.

Sanjay Mehta

3.

Utsav Somani

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Detail Round Breakdown

Round 1
Round 2
Round 3

$500k

Series Name

:

SEED

Date

:

21st Mar 2019