Indian crypto exchange CoinDCX raises $14M in its third round in 2020
Including the millions it collected in previous rounds, the company has raised approximately $19.4M. CoinDCX, the largest cryptocurrency exchange in India, continues to aggressively expand its business with a massive new fundraise.According to a Dec. 21 announcement, CoinDCX has raised $13.9 million from industry investors like Coinbase and Polychain in its Series B funding round. Led by major blockchain software firm Block.one, the new raise also included Singaporean investment firm Temasek, Jump Capital, Uncorrelated Ventures, Mehta Ventures, and Alex Pack.This was CoinDCX’s third round....
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The latest funding round doubled CoinDCX's valuation to $2.15 billion, making it the most-valued crypto company in India. Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country. The latest funding round resulted in CoinDCX doubling its valuation to $2.15 billion, which was led by Pantera and Steadview and saw participation from prominent investors including Kingsway, DraperDragon and Republic. Existing investors such as B Capital Group — a VC firm from Facebook....
After announcing Cosmex in February 2021, CoinDCX is now testing its global product to launch in 2022. Ongoing uncertainty around cryptocurrency regulation in India isn't stopping domestic crypto companies from launching global offerings.Indian cryptocurrency exchange CoinDCX is preparing to move forward with its global crypto-to-crypto trading platform — dubbed Cosmex — in 2022, according to a senior executive at the company.Ramalingam Subramanian, head of brand, marketing and communications at CoinDCX, told Cointelegraph that CoinDCX has significant ambitions regarding the exchange’s....
CoinDCX’s Series C funding was led by B Capital Group, a VC firm from Facebook co-founder Eduardo Saverin. Mumbai-based crypto exchange CoinDCX has raised $90 million in a Series C funding round, becoming the first crypto business in India to reach unicorn status. According to an announcement, the funding round was led by B Capital Group and saw participation from returning investors including Block.one, Coinbase Ventures, Polychain and Jump Capital.Following the investment round, CoinDCX reached a valuation of $1.1 billion, placing the company among crypto giants such as Binance and....
CoinDCX reached a $1.1 billion valuation by raising $90 million in a Series C funding round in August. India’s largest cryptocurrency exchange, CoinDCX, has no immediate plans for a public listing as the regulatory environment in the country remains uncertain.CoinDCX has no definitive route or clause as to when to go ahead with a potential initial public offering (IPO), the firm told Cointelegraph in an official statement on Nov. 29.“Any growing company aspires to take an IPO route in due course. We at CoinDCX also have similar aspirations. We would like to reiterate that there is no....
Indian crypto exchange, CoinDCX, finds itself in trouble, announcing a notable reduction in its staff by 12% this week. The decision comes after a stark decline in virtual currency trading revenues, emphasizing crypto platforms’ larger challenges, particularly in India. CoinDCX’s move to downsize aligns with a global trend where cryptocurrency trading platforms have experienced significant […]