CoinDCX, India’s first crypto unicorn and the nation’s safest crypto exchange, today announced that it now has more than 10 million users. This milestone follows CoinDCX’s phenomenal growth since its inception four years ago, and is a firm step towards the company’s vision to provide safe, secure and easy access of digital assets to 50 million users in India.
Celebrating the company’s achievement, CoinDCX CEO & Co-Founder Sumit Gupta said, “Accomplishing such a phenomenal milestone in just under four years since our launch is a remarkable feat, and is a testament to the growing demands for digital assets in India. CoinDCX’s exponential growth in the past year attests to the trust that our customers have placed in us as the nation’s safest crypto exchange and from our commitment to drive transparency and credibility in the industry. With this achievement, we look to push forth with our mission to offer a trusted trading experience, and champion education and awareness in blockchain technology and digital assets.”
A pioneer in India’s crypto industry, CoinDCX has tracked unparalleled growth since it was launched in 2018. With just 140,000 users at the end of 2020, CoinDCX’s stellar growth thereon has been driven by a combination of both greater appreciation and awareness of crypto assets amongst the younger generation, Tier II cities and women investors, as well as a unified desire for a safe and reliable crypto trading platform.
With aims to establish global financial inclusion using crypto-based products, CoinDCX has been developing borderless financial services that prioritises security and safety, while ensuring a faster, simpler, and uninterrupted flow of capital. CoinDCX has also spearheaded education in crypto and blockchain with DCXLearn to combat misinformation and drive awareness in emerging technologies and innovation — particularly as crypto advances towards mainstream adoption and grows in its importance. It also offers a myriad of investment solutions for every investor, from CoinDCX for investment novices and veterans, to CoinDCX Pro for seasoned traders, and CoinDCX Prime for HNIs and institutions. With its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital, CoinDCX became India’s first crypto unicorn.
“As a leading crypto powerhouse, CoinDCX has been at the frontier of India’s crypto landscape, placing the nation on the world map for digital asset innovation. We’re proud to continue strengthening our growth in India and beyond, lowering the barriers to make the future of finance more accessible to all,” added Neeraj Khandelwal, Co-founder, CoinDCX.
CoinDCX is India’s first crypto unicorn and the nation’s 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.
Recognised and awarded for its contribution to the Indian emerging tech space, CoinDCX is backed by investors such as Polychain Capital, Temasek, Bain Capital Ventures, and HDR Group, operator of BitMEX. CoinDCX is ISO Certified and completely KYC/AML Compliant.
With safety and security as its top priority. CoinDCX has partnered with Bitgo, the most trusted crypto custodian in the world, to ensure users’ crypto funds are completely safe and insured on the Go app. In addition, CoinDCX has also partnered with Onfido to protect users against user identification fraud.
For more information, visit https://coindcx.com