CoinDCX, India's largest cryptocurrency exchange, has recently secured a fresh funding round led by Coinbase, which has increased its post-money valuation to $2.45 billion.
Founded in 2018 by IIT-Bombay graduates Sumit Gupta and Neeraj Khandelwal, CoinDCX enables users to trade cryptocurrencies and other digital assets across India and the UAE, boasting a user base of over 20 million and supporting more than 500 crypto assets.
The platform focuses on providing a user-friendly and secure trading experience, expanding its services in crypto trading, lending, and Web3 products.
Coinbase's renewed investment underscores confidence in CoinDCX's growth and the potential of the Indian and Middle Eastern crypto markets.
This fresh capital aims to help CoinDCX scale operations, enter new markets, and innovate within the broader blockchain ecosystem