Cryptocurrency Exchange CoinDCX Raises $13.9 Million

CoinDCX​, the India’s largest & safest cryptocurrency exchange, announced that it has received $13.9 million in a Series B Funding round which will be used to accelerate initiatives in driving mass crypto adoption in India and the world.

Jump Capital, Block.one, Uncorrelated Ventures, Mehta Ventures and Alex Pack, Coinbase Ventures and Polychain Capital participated in this round.

The company plans to launch a new app which is going to be the simplest Bitcoin app in the world where Indians will be able to invest in top cryptocurrencies legally, easily and safely with zero fee.

“This has been the most exciting year for CoinDCX. While the pandemic forced everyone indoors, CoinDCX scaled up exponentially and continues to do so. Our team tripled in number from 30 in March to 90 in December, and we are continuing to hire aggressively. The funds raised in the past as well as the current round, will help us develop our newly launched crypto to INR app, CoinDCX Go and make it the easiest and the safest way to onboard the everyday Indian into cryptocurrencies. The new app, is a flagship product from our #TryCrypto movement which aims to onboard 50 million Indians into the cryptocurrency market”, commenting on this announcement, CEO and co-founder of CoinDCX Sumit Gupta said.