India’s crypto unicorn CoinDCX has no immediate plans for IPO
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....
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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....
Following crypto exchange CoinDCX’s breakthrough to unicorn status this summer, CoinSwitch Kuber is rumored to be next in line – at a valuation close to twice that of its forerunner. India’s recent past has been tumultuous on the cryptocurrency front, yet the local industry is nonetheless rumored to be on the verge of producing another crypto unicorn. According to an unconfirmed report published today, sources allegedly familiar with the matter have claimed that crypto exchange CoinSwitch Kuber is in the “advanced stages of talks” for a fresh financing round that would see the platform....
Mumbai-based crypto unicorn, CoinDCX, has become a member of the Advertising Standards Council of India, a non-governmental self-regulatory organization. Mumbai-based crypto exchange CoinDCX has reportedly joined the Advertising Standards Council of India (ASCI).In what seems like a response to Delhi Hight Court’s notice regarding ad disclaimers from crypto exchanges, CoinDCX intends to use this partnership to improve advertising transparency and stay off the radar of the Indian regulators. ASCI is a non-governmental self-regulatory organization that claims to favor consumer interests and....