CoinDCX is a cryptocurrency exchange aggregator specialized in crypto-enabled financial services. The start-up develops financial services that provide clients with an uninterrupted and simpler flow of capital without any borders. The company’s liquidity, security, and powerful wallet give traders industry-leading products to trade using liquidity from exchanges.
The Series D funding round was co-led by Steadview and Pantera. Among other investors were Coinbase Ventures, Kingsway, DraperDragon, Republic, and Kindred. CoinDCX is planning to aggressively expand its offerings of the product as well as increase the talent pool.
CoinDCX, Mumbai, India, was founded by Neeraj Khandelwal and Sumit Gupta in 2018. Last year, the company achieved unicorn status. It is the first crypto unicorn in the country. The user base includes more than 10 million people. Among new product offerings which are about to come, a new plan allows individuals to invest a certain amount every few days. This offering is already used by 100 000 people. “As a company, we are excited about a category that is the future. We will continue to double down on crypto and not explore areas that are already solved,” Sumit Gupta, CEO. CoinDCX employs 400 people, and is going to increase this number up to 1000.