CoinDCX

Founded in 2018 and headquartered in Mumbai, CoinDCX is a company that specialises in crypto-enabled financial services and acts as a cryptocurrency trading client. It aims to make crypto accessible to Indians.

Cryptocurrency, Blockchain, FinTech

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Basic Information

CoinDCX is India's safest cryptocurrency exchange. CoinDCX’s massive liquidity, powerful wallet, and impenetrable security make the trading experience fast, reliable, and effortless. CoinDCX also provides spot, margin, futures and fiat-to-crypto trades making it an inclusive ecosystem for all types of traders. Some of its products include Insta through which people can buy cryptocurrency in INR, Spot which enables trading in 250+ markets and Margin for trading with 5X Leverage. The platform also has a portal named DCX Learn which is a blockchain and cryptocurrency academy built to provide the right education to equip and empower young minds. CoinDCX launched CoinDCX Go app, Simplest Crypto Investment App in January 2021.

Legal Name

Primestack Pte. Ltd

Headquarters

Mumbai, Maharashtra , India

Business Model

B2C

Founding Date

7th Apr 2017

No. of Employees

151 to 250

Core Team

Sumit Gupta

Co-Founder & CEO

Neeraj Khandelwal

Co-Founder

Timeline

2018

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).

2020

Jan | Awards

Tracxn Emerging Startups provides a selection of high potential companies that are making an impact in the new-age sectors. CoinDCX, showed promising performance on factors- market size, investment by marquee investors, among other criteria.

Feb | Awards

Mar | Raised Funding

CoinDCX, announced that it has closed its Series A funding round led by Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX. The funds, amounting to US$3 Million, will be used to promote crypto adoption, and boost development.

Revenue Stream

Commission on transaction

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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

Location