CoinDCX, India’s safest crypto exchange, has closed a USD 90 million (INR 670 Cr.) Series C funding round, led by B Capital Group (founded by former Facebook co-founder Eduardo Saverin) and returning investors such as Coinbase Ventures, Polychain Capital, Block.one, Jump Capital among others. The Series C funding round raises CoinDCX’s valuation to USD 1.1 (INR 8150 crores) billion, making it the first Indian cryptocurrency exchange to reach unicorn status.
Speaking on the landmark occasion, Sumit Gupta, Co-founder & CEO, CoinDCX stated, ‘The funds raised will be allocated for expansion, bringing more Indians to
crypto / make crypto a popular investment asset class in India, and strengthening
our workforce that will cater to our growth story. We will hire talent across multiple
functions, and focus on new business initiatives.’
In the coming months, CoinDCX will also be launching the CoinDCX Prime initiative,
its latest offering in the HNI & Enterprise space, providing legally vetted and safe minvestments, as well as Cosmex, CoinDCX’s global trading product.