CoinDCX, one of India’s largest and safest VDA exchanges, announced that it has entered into an agreement with Koinex to help its existing one lakh users to access their assets through CoinDCX’s platform. Koinex, an Indian VDA exchange, had shut down operations in 2019 due to various business and regulatory reasons.
CoinDCX will work closely with Koinex’s existing users to ensure a seamless transition to the CoinDCX platform. For customers who already have a CoinDCX account with the same KYC, the transition will be automatic. Other Koinex users will be required to go through CoinDCX’s established KYC (Know Your Customer) and onboarding to get access to their assets.
Sumit Gupta, Co-founder of CoinDCX, emphasized, “This step aligns with CoinDCX’s vision of nurturing a thriving, secure, and transparent VDA ecosystem in India. We believe in Web3, and our commitment to supporting the ecosystem goes beyond this partnership. At CoinDCX, we strive to undertake initiatives that benefit the Web3 community. Our unwavering dedication continues into the future, as we aim to empower our community and unlock the potential of a decentralized future for all.”
“Koinex, once the largest and favored digital assets exchange, faced an unfortunate closure. During the shutdown process, we provided a reasonable window for users to withdraw their assets. For those users unable to do so, this is the best opportunity to associate with a reputable and compliant exchange like CoinDCX. I am grateful to CoinDCX, and I am sure our users will now benefit from this collaborative endeavor,” said Aditya Naik , Founder, of Koinex.
The integration process has been communicated to Koinex users, and CoinDCX will promptly initiate the necessary procedures. A dedicated customer desk will ensure that users receive personalized assistance, fostering a seamless and reassuring experience throughout the transition.
CoinDCX,is the first FIU registered Indian exchange. With a simple user interface and an array of products ranging from Buy/sell , CIP, Earn , Futures, Margin , the platform is trusted by over 1.4 crore Indians for their crypto journey. With over 500 tokens listed on its platform and a quarterly average trading volume of INR 16.5K crores, the company ensures a safe and secure environment for its users. The company follows strict compliance and security practices and is ISO 27001:2022 certified. CoinDCX’s vision and potential have gained the confidence of global investors, including Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred and Coinbase Ventures.
About CoinDCX
Established in 2018, CoinDCX is the preferred crypto exchange in India, trusted by over 1.4 crore registered users. Our mission is simple: to provide easy access to Web3 experiences and democratize investments in virtual digital assets.
We prioritize user safety and security, strictly adhering to KYC and AML guidelines. In our to quality, we employ a stringent 7M Framework for the listing of crypto projects, ensuring users access only the safest digital assets.
CoinDCX has partnered with Okto for India to launch a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets.
Through CoinDCX Ventures, we have invested in over 15 innovative Web3 projects, reinforcing our dedication to the Web3 ecosystem. Our flagship educational initiative, #NamasteWeb3 empowers Indians with crypto knowledge, preparing them for the future of virtual digital assets. CoinDCX’s vision and potential have gained the confidence of global investors, including Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred and Coinbase Ventures.
At CoinDCX, we are leading India towards the decentralized future of Web3 with an unwavering commitment to safety, simplicity, and education.