Coinbase Invests in CoinDCX, Valuing Indian Crypto Exchange at $2.45 Billion

Coinbase has deepened its commitment to the Indian crypto market by investing further in CoinDCX, valuing the exchange at $2.45 billion post-money. Here's a quick breakdown of what this recent development in Indian cryptocurrency market:

Investment Highlights

• Investor: Coinbase Ventures (the investment arm of Coinbase)
• Recipient: CoinDCX, one of India’s leading crypto exchanges
• Valuation: $2.45 billion post-money
• Funding Type: Extension of a previous round; exact amount undisclosed
• Purpose:
  • Expand CoinDCX’s product suite
  • Drive user growth and innovation
  • Strengthen presence in India and the Middle East
  • Introduce new on-chain use cases tailored for India

• Strategic Moves:
  • CoinDCX recently acquired BitOasis, a crypto exchange in the Middle East and North Africa
  • The company now serves over 20 million users across India and the UAE

Coinbase’s Perspective:

Shan Aggarwal, Chief Business Officer at Coinbase, emphasized the potential of India and the Middle East as dynamic regions for crypto adoption and innovation

CoinDCX Valuation Timeline

Date	Round	Amount Raised	Post-Money Valuation	Key Investors
Sep 2020	Series B	$13.9M	$36.3M	Block.one, Polychain, Jump Capital
Jun 2021	Series C	$90.2M	$779M	Coinbase, Bain Capital, Polychain
Mar 2022	Series D	$135M	$1.51B	Pantera Capital, Steadview, Coinbase
Oct 2025	Extension	Undisclosed	$2.45B	Coinbase Ventures

CoinDCX Engineer Arrested in $44 Million Crypto Theft; Insider Breach Suspected

Rahul Agarwal, a CoinDCX employee arrested in connection with the $44 million (₹379 crore) crypto theft. Investigations revealed that hackers compromised Agarwal's login credentials to access the system and siphon off $44 million.

What Happened

• On July 19, CoinDCX detected suspicious activity starting with a test transfer of 1 USDT at 2:37 AM.
• By 9:40 AM, hackers had siphoned off $44 million in crypto assets, transferring them to six different wallets.
• The breach targeted CoinDCX’s internal liquidity account, not user funds.

The Employee: Rahul Agarwal

• Age: 30
• Role: Staff Engineer at CoinDCX, promoted in April 2025
• Location: Bengaluru, originally from Haridwar
• Work History: Joined CoinDCX in May 2023 as a senior software engineer

How the Breach Occurred

• Investigators found that Rahul’s work laptop was compromised, allowing unauthorized access to CoinDCX’s servers.
• He allegedly received a WhatsApp call from a German number and was sent files that may have contained malware.
• Rahul admitted to moonlighting for 3–4 private clients, which may have exposed his system.

Suspicious Transactions

• ₹15 lakh was deposited into Rahul’s bank account from an unknown source, raising further suspicion.

Legal Action & Investigation

• Rahul was detained on July 26 by the Whitefield CEN crime police.
• CoinDCX operator Neblio Technologies filed the complaint and is cooperating with authorities.
• The company suspects a sophisticated social engineering attack, possibly involving external collaborators.

Broader Implications

• This case highlights the vulnerabilities in internal cybersecurity and the risks of insider threats in crypto firms.
• Cybercrime units are now tracing the multi-wallet laundering trail to recover stolen assets.

The first media outlet to report the CoinDCX $44 million crypto theft and the arrest of employee Rahul Agarwal was Times Now, as well as a post on X by Crypto India (below). 

Breaking : Coindcx employee Rahul Agarwal arrested in connection with the $44 Million Crypto theft reported by the company.

Investigations revealed that hackers compromised Agarwal's login credentials to access the system and siphon off $44 million. pic.twitter.com/s4kWP8BBra

— Crypto India (@CryptooIndia) July 31, 2025

Ashish Singhal of CoinSwitch and Sumit Gupta of CoinDCX Appointed Co-Chairs of IAMAI’s Crypto Council

(L-R) Ashish Singhal of CoinSwitch & Sumit Gupta of CoinDCX 

The Blockchain and Crypto Assets Council (BACC), a part of IAMAI whose members are crypto exchanges operating in India and are signatories of a self-regulatory code of conduct that ensures they comply with basic KYC and other regulatory guidelines, has announced the appointment of Ashish Singhal, Founder and CEO, CoinSwitch and Sumit Gupta, Co-Founder and CEO, CoinDCX, as its Co-Chairs.

Singhal and Gupta will be primarily responsible for driving the adoption and growth of the crypto industry in India and ensuring to create a consumer safe environment. India has seen exponential rise in the adoption of cryptocurrency with more than 1.5 crore Indians currently holding crypto assets.

“As cryptocurrencies are getting further mainstreamed in India, the industry is working closely with regulators and policymakers to build a prosperous and secure crypto environment to put India on the global crypto map. We believe that a progressive regulatory framework will foster innovation in financial offerings and bring financial well-being to every Indian,” said Ashish Singhal, Founder and CEO, CoinSwitch Kuber.

Echoing similar views, Sumit Gupta, Co-Founder and CEO, CoinDCX, said: “India today ranks second, in percentage of cryptocurrency ownership across the world. The interest and confidence in the new age asset class will increase as more and more people understand its potential."

“The onus is now on the government and the players to create an inclusive ecosystem. The first step in this direction is to build trust around the product by removing misconceptions and providing user-focused education. Second, increase the availability of cryptocurrency transactions through a transparent, safe, and secure platform. And most importantly, the government should take up the steps and form crypto regulations in India to protect the best interests of crypto investors,” he added.

About BACC

The Blockchain and Crypto Assets Council (BACC) was formed with the vision of doing public advocacy for the crypto industry, to increase awareness about crypto and provide industry guidance. All major crypto exchanges are members of this industry body.

About IAMAI

The Internet and Mobile Association of India [IAMAI] is a young and vibrant association with ambitions of representing the entire gamut of digital businesses in India. It was established in 2004 by the leading online publishers, and in the last 16 years has come to effectively address the challenges facing the digital and online industry including mobile content and services, online publishing, mobile advertising, online advertising, digital entertainment, ecommerce and mobile & digital payments among others. Sixteen years after its establishment, the association is still the only professional industry body representing the online industry in India. 

The association is registered under the Societies Act and is a recognized charity in Maharashtra. With a membership of nearly 300 Indian and overseas companies, and with offices in Delhi and Mumbai the association is well placed to work towards charting a growth path for the digital industry in India.

Over 30% of Women Investors in Cryptocurrency Hail from Metros - Mumbai, Delhi & Chennai: CoinDCX Data

CoinDCX witnessed 20% rise in women investors on its platform this year

Company release a study of participation by women investors on its platform

• Almost 60% of women investors on CoinDCX platform belonged to age group of 18-34 years
• Bitcoin is the most preferred asset, with 15% women investors trading in BTC pairs in 2021
• In 2021, new women investors went up 3X compared to November-December period

Mumbai, March 08, 2021: CoinDCX, India’s largest and safest cryptocurrency exchange today said that the company received maximum participation (more than 30%) from its women investors across the key metro markets of Mumbai, Delhi & Chennai. Whereas Maharashtra, Karnataka, Tamil Nadu and Telangana (not in any particular order) were the top states from where the company received maximum traction among women investors. The insight was shared as part of an internal study the company conducted to analyse participation by women investors on its platform.

The company stated that in the year 2020, 15% of its total investor base were women. While in the year 2021, the platform witnessed further traction and currently more than 20% of its total investors are women. It also stated that in 2021, the company witnessed a 3X jump in its new women investors compared to November-December period.

Interestingly, the data suggested almost 60% of women investors on CoinDCX platform belonged to the age group of 18-34 years. It further stated that Bitcoin (BTC) is the most preferred cryptocurrency asset, with more than 15% women investors trading in BTC pairs in 2021 (till date). The other top crypto assets, that women investors took keen interest in included Ethereum, Tether (USDT), Ripple (XRP) and Cardano (ADA) in that order.

Commenting on the same, Sumit Gupta, Co-Founder & CEO, CoinDCX said, “Cryptocurrencies have been perceived as incredibly complex. However, our data shows that millennial women are embracing this technology and look at this as a new way of attaining financial independence. While the larger tech world is male-dominated, crypto being a new tech gives women the opportunity to take charge and lead it. Additionally, the decentralized nature of the industry translates to an even playing field, which welcomes skilled players, irrespective of gender. Owing to simple user interface and the rising popularity of cryptocurrency as an investment class, we are extremely bullish about increased participation from women investors going forward too.”

In yet another interesting observation the company stated that its women investors preferred to invest in fractional amounts in Bitcoin -- in the multiples of Rs. 500, Rs. 1,000 and Rs. 10,000, instead of buying a whole coin. The average ticket size among its women investors ranged between Rs. 8,000-10,000.

About CoinDCX

CoinDCX is India’s largest and safest cryptocurrency exchange and top liquidity aggregator in the world. The exchange has instant deposit and withdrawal facilities. The versatile wallet structure provides the best fee structure in the industry. Established in 2018, the exchange is today deemed by many market participants as India’s most trustworthy cryptocurrency exchange.

CoinDCX offers users a single-point access to a diverse suite of crypto-based financial products and services:

Insta - Provides fiat onboarding from INR to crypto

Spot - Gives access to trade cryptocurrencies across 500+ markets

Lend - Decentralized lending service wherein users can earn 12.87% APR

Margin - With up to 6x leverage trades across more than 250 markets

Stake - Users can earn passive income by staking their cryptos

The exchange has a powerful yet simple interface that provides fast and reliable trading experience for professional and novice customers alike. CoinDCX is backed by world-class security processes which includes a safe & instant KYC verification process and insurance cover to safeguard users’ funds.

For more information, visit https://coindcx.com/

CoinDCX Eyes Mass Adoption Among Novel Crypto Investors; Launches CoinDCX Go

India’s simplest app to buy and sell cryptocurrencies

Aims to on-board 50 million Indians into crypto this year

• 60% of the Indian population found it extremely challenging to invest in crypto: CoinDCX Survey 
• Eyes mass adoption among novel crypto investors; especially millennials and Gen Z 
• Allows users to trade on smaller denominations for some of the best crypto assets
• Offers quick check-in and check-out crypto trading experience 

Mumbai, India (January 19, 2020): In a bid to help novel investors adopt cryptocurrency as a potential asset class, CoinDCX - India’s largest and safest cryptocurrency exchange has launched CoinDCX Go - the simplest and the most secure place to buy and sell bitcoin and cryptocurrencies. The exchange eyes mass adoption among beginner investors in crypto especially millennial and Gen Z and aims to onboard 50 million Indians.

Powered by multiple features and a simple user interface, CoinDCX Go, specially designed for novel crypto investors, offers quick check-in and check-out crypto trading experience. It enables users to operate on the cryptocurrency market with absolute ease and at one’s own convenience. CoinDCX Go was conceptualized following a joint survey we conducted the Mood of the Nation survey, which revealed nearly 60% of the Indian population found it extremely challenging to invest in crypto. The reasons cited in particular were lack of a conducive environment and a digital barrier to getting on board.

The User Interface (UI) has been designed to induct a new breed of first time users in mind. The systems of the platform are secured, with AI-ML algorithms, which is backed by a dedicated and efficient team to overview operations. Additionally, to bring a safety net for users, all the funds are insured by one of the best and well established global custodians operating in the market.

Sumit Gupta, CEO & co-founder, CoinDCX said, “The app will allow users to trade on smaller denominations for some of the best crypto assets. 14 tokens such as Bitcoin, Ethereum, Ripple, Litecoin are part of this parcel. Users will be able to buy these cryptos within the time they finish a cup of tea or coffee. The focus is to make users see merits in the industry by attention to details paid by operators like us by taking the simple steps of developing this app to address their pain points. Technical and Issue related resolution support will be provided round the clock for their users.” 

Currently CoinDCX Go offers a range of tokens in INR pairs such as, Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Chainlink (LINK), EOS (EOS), Tether (USDT), Cardano (ADA), Stellar Lumens (XLM), Ripple (XRP), Basic Attention Token (BAT), Matic Network (MATIC), Tron (TRX) etc.

These tokens have been vetted by CoinDCX to ensure users are dealing only on the more stable and secured currencies while buying their first cryptocurrency. CoinDCX Go will offer round the clock support services.

Speaking from a development perspective of the app, Neeraj Khandelwal, Co-founder, CoinDCX said, “Most of the app users are in the age group 22 to 45. This app has been introduced to serve a simple purpose; remove the fear of technology, make the market numbers more understandable and provide the ability to make informed decisions in the crypto universe. A smart investor will regularly invest at least 1 percent of his disposable income for Bitcoins in his investment portfolio. People having faith in the future of technology should do the same. The app just makes the induction easy. Buying Bitcoin on CoinDCX Go will be as easy as using any of the popular apps such as WhatsApp, Instagram, Amazon, or booking your cab through Uber.”

The product is sturdy and has a lot of security features, backed by a robust system architecture. ‘Since our focus is on the newcomers of the crypto universe, a special emphasis has been placed on ensuring proper inputs are provided at every step, with users being updated about the industry on a regular basis.” adds Neeraj.

Currently, there are about 6 million Indians in crypto which is close to 0.5% of the total Indian population. CoinDCX Go allows first time crypto buyers to own cryptocurrency instantly without having to wait for orders to process and will charge 0 fee for deposit and withdrawals.

In yet another initiative to drive mass adoption of cryptocurrencies, the company invested $1.3 million in TryCrypto, its own initiative, which is working to make blockchain and cryptocurrency more accessible to mainstream users.

CoinDCX Go: https://go.coindcx.com/


About CoinDCX

CoinDCX is India’s largest and safest cryptocurrency exchange and top liquidity aggregator in the world. The exchange has instant deposit and withdrawal facilities. The versatile wallet structure provides the best fee structure in the industry. Established in 2018, the exchange is today deemed by many market participants as India’s most trustworthy cryptocurrency exchange.

CoinDCX offers users a single-point access to a diverse suite of crypto-based financial products and services:

Insta - Provides fiat onboarding from INR to crypto

Spot - Gives access to trade cryptocurrencies across 500+ markets

Lend - Decentralized lending service wherein users can earn 12.87% APR

Margin - With up to 6x leverage trades across more than 250 markets

Stake - Users can earn passive income by staking their cryptos

The exchange has a powerful yet simple interface that provides fast and reliable trading experience for professional and novice customers alike. CoinDCX is backed by world-class security processes which includes a safe & instant KYC verification process and insurance cover to safeguard users’ funds.

For more information, visit https://coindcx.com/

India’s Largest Cryptocurrency Exchange CoinDCX Raises INR 100 crores ( $13.9 Mn ) in Series B funding round

CoinDCX plans to use the newly raised funds to drive crypto adoption in India, with cutting-edge innovative products including the newly launched Bitcoin/Crypto Investment App, CoinDCX Go.

The funds will also help to attract and retain fresh talent and sustain the hockey stick growth in 2021. Returning investors such as Polychain and Coinbase also participated in the funding round.

India, December 22, 2020: CoinDCX, India's largest cryptocurrency exchange, raised Rs 100 crore ($13.9 million) from eminent investors, including returning investors from previous rounds. The series B round was led by Block.one and included DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures and Alex Pack. 

This makes for the third round of funding for CoinDCX in 2020. In March 2020, CoinDCX raised Series A funding worth $3 million from companies such as Polychain Capital, Bain Ventures and Bitmex. In May 2020, the exchange raised $2.5 million in a strategic round from the above companies as well as Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency trading platform Coinbase. Compiling all three rounds of funding this year, CoinDCX has raised close to $19.4 million, till date.

Sumit Gupta, CEO and co-founder of CoinDCX said, "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 Bitcoin & Crypto Investment 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."

Brendan Blumer, the CEO of Block.one, developer of leading blockchain protocol EOSIO, said, "Leading up to 2020, interest in digital assets was growing consistently as more investors explored these new liquidity options. With the global events this year, we're seeing this trend accelerate exponentially, as both institutional and individual investors embrace these new asset classes to diversify their portfolios. With the increased interest in digital currencies, CoinDCX's role in making cryptocurrencies accessible to everyone in the world's second most populous country is even more vital. We're excited to be partnering with some of the smartest investors in blockchain and crypto to support mass-scale digital asset adoption.

Olaf Carlson-Wee, Founder of Polychain Capital, a returning investor said, "We have worked with CoinDCX in the past and we are really impressed with the amount of development, the company has carried out. With a seasoned team that is growing, CoinDCX is poised to strengthen its position as the largest crypto company in India."

CoinDCX saw a momentous growth in the past few quarters. While the exchange had been seeing a steady growth consistently, it hit its stride in the past six months. The exchange saw 3X growth in the overall volume traded and saw 4X quarter-over-quarter growth in daily active users, in the Apr-Jun quarter. Overall in Q2 and Q3, CoinDCX saw 12% increase in signups and 20% increase in volume. CoinDCX saw 21% Month on Month (MoM) growth in trade volume and 25% MoM growth in the number of users, in October.

Saurabh Sharma, General Partner at Jump Capital said, "India is an emerging market for cryptocurrencies and CoinDCX is spearheading the cryptocurrency adoption in India. As one of CoinDCX's investors, we are proud and heartened to see the exchange evolve in such a short span of time."

With the latest influx of funds in this round, CoinDCX will continue to introduce innovative and cutting-edge products, accelerate the process of hiring the top talents in the industry, and continue the hockey stick growth, as witnessed in 2020. In the coming year, CoinDCX is all poised to become the fastest growing leading exchange in India and will take the centerstage as one of the best exchanges, on the global podium.

CoinDCX is India's largest and safest cryptocurrency exchange and top liquidity aggregator in the world. The exchange has instant deposit and withdrawal facilities. The versatile wallet structure provides the best fee structure in the industry. Established in 2018, the exchange is today deemed by many market participants as India's most trustworthy cryptocurrency exchange.

About Block.one

Block.one is a software firm specializing in high-performance blockchain technologies. A pioneer in distributed ledger innovation, Block.one develops the EOSIO open-source software, which is widely regarded as the market leader for blockchain power and scalability. Companies and developers around the world use EOSIO to create secure, transparent, and performant digital infrastructures.

Block.one is committed to empowering society by providing technology and products that enable trust in transactions, transparency in systems, and efficiency in how the world works. To learn more, please visit block.one.

About Jump Capital

Jump Capital is a thesis-led venture firm specializing in series A/B and growth-stage investments ranging from $2 million to $20 million. Jump focuses on data-driven companies across the Fintech, Application Software, IT and Data Infrastructure, and Media sectors. Investing with an operating-centric approach, Jump provides advocacy and support for entrepreneurs, complemented with institutional level resources. Visit https://jumpcap.com/ for more information or follow us at @jumpcapital

About Polychain Capital

Polychain is the premier cryptocurrency financial firm, working with entrepreneurs, investors, and businesses to accelerate the global adoption of cryptocurrency. Our team consists of veteran cryptocurrency experts and finance leaders who oversee a variety of business units that work in tandem to achieve this goal. Polychain is amongst the largest cryptocurrency investment firms globally, and actively invests in early-stage cryptocurrency businesses and protocols with a focus on value-add, hands on support for entrepreneurs.

CoinDCX set to launch Liquid ETH-backed token for users; partners with US-based Staked to provide staking services

CoinDCX is set to launch 1:1 ETH-backed token in the last week of Jan 2021; the token will be liquid and tradeable on CoinDCX markets. Upon completion of 2000 staked ETH target ($1 million worth of ETH), multitude of token benefits will be provided to token holders

Mumbai, December 16, 2020: CoinDCX- India's largest cryptocurrency exchange is all set to issue 1:1 token Ethereum token, to all Ethereum staked holders, who have staked and may stake in the future. The token will be issued in the last week of January 2021. 

CoinDCX recently launched an ETH staking product where its users can stake ETH for as low as 0.1 ETH. All the users have to do is lock their ETH for staking. Taking note of the increasing demand from users on ETH2 staking, CoinDCX is all set to launch the token. The roadmap and token launch will happen simultaneously in the last week of January. CoinDCX will release a whitepaper on 7th January and the benefits of the paper will be released in the said whitepaper.

CoinDCX will also be organizing community-led activities before the launch to come up with a token name and logo.

Once the token is launched, it will be available for all the users who have staked ETH and will be staking ETH, in the future. The token will be liquid and will be tradeable on CoinDCX markets. This will allow traders and investors to enter and exit ETH 2 staking seamlessly.

The backed token will be pegged to Ethereum price. This will be hugely beneficial to every type of Ethereum investors (short or long term). On one side, investors can earn staking rewards (15-20% as per the current ETH2 blockchain staking rewards), and also they can trade in CoinDCX markets. However there are more benefits in store, once the 2000 ETH target is met, the token will function as a utility token across the CoinDCX ecosystem.

Neeraj Khandelwal, co-founder of CoinDCX said, "Staking is slated to improve the efficiency and scalability of the Blockchain technology. But the assets locked in staking can cause a liquidity deficit in Cryptocurrency markets. With this token, CoinDCX aims to solve that problem for Ethereum. Staked ETH via CoinDCX will be highly liquid."

Token holders will receive benefits on trading fees, discounts, lucrative airdrops, and more which will be enumerated in the whitepaper. CoinDCX will be also providing a loan facility. Users can also get stablecoin backed loans, and can borrow collateral for Margin trades on CoinDCX.

CoinDCX is launching this token which is not only ETH backed, but it is community-backed too. The token is powered by the most-awaited technological transformation on the world's most widely used Blockchain. CoinDCX will create an ecosystem for its community to reap the benefits of Ethereum 2.0 and this token will serve as a fuel which will be powering this ecosystem providing a series of benefits to its users.

U.S-based Staked, which provides non-custodial staking services for institutions and is the leading independent validator for Ethereum 2.0, is partnering with CoinDCX to support Ethereum 2.0 staking.

Tim Ogilvie - Co, CEO and co-founder of Staked said, "We are thrilled to extend our support to CoinDCX in such a way that the exchange's users can now take advantage of our staking infrastructure to participate in Ethereum's major upgrade."

CoinDCX has always been at the forefront of adopting and integrating innovative solutions within the crypto ecosystem that will help crypto services. Association with Staked, will help CoinDCX provide top of the line, industry graded staking solutions and will contribute to the growth of CoinDCX ecosystem.

About CoinDCX:

CoinDCX is India's largest and safest cryptocurrency exchange and top liquidity aggregator in the world. The exchange has instant deposit and withdrawal facilities. The versatile wallet structure provides the best fee structure in the industry. Established in 2018, the exchange is today deemed by many market participants as India's most trustworthy cryptocurrency exchange.

CoinDCX offers users a single-point access to a diverse suite of crypto-based financial products and services:

Insta - Provides fiat onboarding from INR to crypto

Spot - Gives access to trade cryptocurrencies across 500+ markets

Lend - Decentralized lending service wherein users can earn 12.87% APR Margin - With up to 6x leverage trades across more than 250 markets

Stake - Users can earn passive income by staking their cryptos

The exchange has a powerful yet simple interface that provides fast and reliable trading experience for professional and novice customers alike. CoinDCX is backed by world-class security processes which includes a safe & instant KYC verification process and insurance cover to safeguard users' funds.

For more information, visit https://coindcx.com/

About Staked

Staked helps investors earn yield from staking and DeFi lending without taking custody of their crypto assets. Founded in 2018, the Company runs staking infrastructure for 25 proof-of-stake blockchains and their RAY token delivers the highest yield in DeFi for ETH and stablecoins. Staked works on behalf of leading crypto funds and offers an API that allows custodians, exchanges and wallets to offer these tools to their customers. Staked investors include Pantera Capital, Winklevoss Capital, Digital Currency Group, Parafi Capital, Coinbase Ventures, Fabric Ventures, and other leading blockchain investors. For more information, please visit: https://staked.us/

CoinDCX’s Educational Portal, DCX Learn, Partners with Blockchain Council

Certification Courses on Blockchain Council Platform Part of CoinDCX’s #TryCrypto Initiative

— DCX Learn, the online learning portal of India’s largest and safest cryptocurrency exchange CoinDCX, has announced its partnership with Blockchain Council, the pioneer in online training and blockchain certifications. The partnership aims to bridge the demand gap for cryptocurrency professionals in the country. Two of the Blockchain Council’s courses specifically dedicated to the field of cryptocurrency, and available under the partnership include the Certified Cryptocurrency Trader and Certified Cryptocurrency Expert. With the partnership, CoinDCX aims to offer specialised training and certification in cryptocurrency and will be ideal for professionals intending to start a career in the industry.  

According to data available from the leading global job site Indeed, the demand for skilled professionals in the crypto space has been steadily rising, with Bengaluru at the top spot in terms of demand for jobs in the cryptocurrency field followed by Pune, Hyderabad, Noida and Gurgaon making up the top five destinations for crypto-careers in India. 

The collaboration signals an extension of CoinDCX’s commitment to crypto education and advocacy. This is the first step towards further content and certification collaborations to come.

On the partnership with Blockchain Council, Sumit Gupta, CEO and Co-founder of CoinDCX, said: “We have seen an exponential increase in demand for blockchain and crypto education and knowledge in recent times. As India’s leading advocate of crypto education, we believe that we are in a position to arm potential crypto traders, users, job-seekers with the relevant skill sets to succeed in this industry, in order to work towards the sustainable development of the sector. CoinDCX’s partnership with Blockchain Council is a natural extension of our DCX Learn platform and #TryCrypto movement, as we seek to open up more avenues for participation and growth within the crypto industry.”

Blockchain Council is a pioneer in providing industry-leading online training and certifications in emerging technologies such as blockchain, and offers bespoke courses on Bitcoin, Ethereum, Hyperledger, and other blockchain technologies. Certifications offered by Blockchain Council are developed to provide in-depth and advanced knowledge in their respective fields, opening up potential career tracks in the burgeoning blockchain and crypto industry.

DCX Learn will offer CoinDCX’s exchange interface as part of Blockchain Council’s certification syllabus, providing trainees with comprehensive practice sessions in a real world environment—as the CoinDCX interface will be used for simulated trading by course participants. Trainees will also enjoy lifetime access to all course resources, including lecture videos, practice tests, and capstone projects.

Toshendra Sharma, Executive Director of Blockchain Council, said: “The curricula of Blockchain Council’s certification programmes have always been industry-oriented and career focussed, with training developed by leading professionals and experts in their fields. With CoinDCX as our official exchange partner, we are able to provide training that is realistic and up-to-date. We are confident that trainees in our certification programme will get the maximum benefits from using a real crypto exchange interface which will prepare them sufficiently for their future careers in crypto space.”

The partnership between CoinDCX and Blockchain Council follows the successful launch of DCX Learn, a holistic free-for-all platform and resource for cryptocurrency and blockchain educational content, and the wider #TryCrypto initiative, the nationwide crypto adoption campaign by CoinDCX. Through the #TryCrypto initiative, CoinDCX is dedicating $1.3 million towards its goal of introducing 50 million Indian users to the cryptocurrency and blockchain sector. In the first half of 2020, CoinDCX closed a successful Series A funding round, with $3 million in funding from Bain Capital and others, as well as a successful strategic investment of an additional $2.5 million from Coinbase Ventures and Polychain Capital.

Blockchain Council joins the ranks of other premiere crypto industry actors as one of CoinDCX’s official partners. CoinDCX partners include BitGo, its official custodian, and Onfido, providing fully-automated KYC verification for CoinDCX users in under 5 minutes.

Learn more about the certification courses on https://dcxlearn.com/blockchain-council/?utm_source=pr&utm_campaign=launch

‘Stake’ by India-based Exchange, CoinDCX will now help investors earn passive income

• Investors to earn passive returns on cryptocurrencies - Harmony (ONE), QTum (QTUM), and Tron (TRX) unveiled with launch without limiting trading activities
• CoinDCX’ hybrid aggregation model to help investors receive best competitive staking rewards by maintaining minimum balance 
• Stakes to be distributed based on rewards received by the exchange from partner blockchain and proportion of the rewards held by the user

CoinDCX, India’s largest and safest cryptocurrency exchange, has announced the launch of ‘Stake by CoinDCX’ which went/goes live on August 7^th. The platform will now help investors earn passive income on their crypto holdings in the form of staking rewards supported by partner Proof of Stake (POS) blockchains. 

With a range of cryptocurrencies set to be introduced to the platform in the future, the staking product will go live with three leading cryptocurrencies available for staking to all users: Harmony (ONE), QTum (QTUM), and Tron (TRX). With CoinDCX’s hybrid aggregation model, ‘Stake by CoinDCX’ will offer investors the best competitive staking reward. The rewarding arrangement works similar to holding funds in a bank’s fixed deposit, only difference being the latter requires a minimum lock-in period however in case of the new offerings investors can start earning rewards from day one, without limiting trading activities. 

‘Stake by CoinDCX’ will allow users to leverage the growing prominence of Proof-of-Stake public blockchains, which use “staking” as a means of self-governing the blockchain network, validating transactions, and promoting ecosystem-oriented behaviour by cryptocurrency users. The chances of validating and adding a block to the blockchain—and in turn, being rewarded—is directly proportional to the funds a node holds within its wallet.

By creating a single pool of stakeable assets, Stake by CoinDCX will improve the chances of all its users benefitting from the receipt of a staking reward. Stake will take a hybrid approach of aggregating staking rewards with partner exchanges such as Binance, and natively staking them with blockchains. Users can learn more about staking through the DCX Learn portal.

With the launch of Stake, investors holding a minimum balance in their CoinDCX wallet will now be eligible to start receiving staking benefits which will be distributed based on rewards received by the exchange from partner blockchain and in the proportion of rewards held by the respective user. The minimum balance will vary from one token to another. For Harmony (ONE), it will be 100(~ $1); for Qtum (QTUM) it will be 1(~$3); and for Tron (TRON) it will be 5(~$ 0.1).

Commenting on the launch, Sumit Gupta, CEO and Co-founder of CoinDCX said, “We are proud to unveil the first cryptocurrencies on our staking product, and to announce that they are available to every user on CoinDCX. Staking on CoinDCX is the simplest way for our users to earn staking benefits —as anyone who is conducting trades or investing over the exchange will be able to earn rewards just by holding funds in their CoinDCX wallets. Benefitting long-term investors, HODLers, and traders alike—Stake by CoinDCX will allow the accumulation of passive income on current holdings without limiting users’ trading activities. Ultimately, we believe that this will allow our users to unlock the full earning potential of digital assets—by more actively participating in the token economy and the DeFi space, as we move further and further away from cryptocurrency’s role as a speculative investment.” 

Neeraj Khandelwal, Co-founder of CoinDCX commented, “Staking as a consensus algorithm is gaining adoption globally as an alternative to Proof of Work and others. This is perhaps most evident in the moves of Ethereum from Proof-of-Work to Proof-of-Stake in its upcoming network upgrade. Not only does PoS provide far greater scalability benefits for blockchain networks, it provides a much greater opportunity for participants in the digital assets ecosystem to benefit from their holdings. We want to make staking very simple for our users, dramatically simplifying the process of staking tokens. All one has to do on our Stake platform is deposit cryptocurrencies in their wallets and start earning rewards.”

By creating a single pool of stakeable assets, Stake by CoinDCX will improve the chances of all its users benefitting from the receipt of a staking reward. Users can learn more about staking through the DCX Learn portal.

The announcement of the launch of Stake by CoinDCX comes off the back of its #TryCrypto initiative, launched earlier this year with a $1.3 million dedication from the exchange to onboard 50 million users into the cryptocurrency market. The exchange also launched DCX Learn, an educational platform dedicated to educating mainstream audiences on digital assets earlier this year. It is believed that Stake by CoinDCX will further propel digital asset adoption amongst mainstream audiences and retail investors, offering new opportunities for passive wealth accumulation on cryptocurrency holdings.  

About CoinDCX

CoinDCX is India’s largest and safest cryptocurrency exchange and liquidity aggregator, providing access to massive global liquidity from the world’s leading crypto-exchanges, including Binance, HitBTC, and Huobi Global. Established in 2018, the exchange is today deemed by many market participants as India’s most trustworthy cryptocurrency exchange and top liquidity aggregator in the world. CoinDCX offers users an integrated suite of products, including DCXtrade, allowing users to trade in more than 500 markets, DCXinsta, providing fiat onboarding from Indian Rupees (INR) to crypto, DCXlend, a decentralised lending service, and DCXmargin, for up to 6x leverage trades across more than 250 markets. With a powerful yet simple interface, CoinDCX provides a fast and reliable trading experience for professional and novice customers alike. Prioritising user security, the online platform employs geographically distributed cold wallets, multi-signature authentication, prevention from DDOS attacks, regular stress testing, and 2-Factor Authentication (2FA) are deployed to ensure the platform’s safety.

Bain-backed CoinDCX Launches Online Platform for Crypto Education

Online platform the first educational initiative unveiled as part of the CoinDCX #TryCrypto initiative following $1.3 million investment

CoinDCX, India’s largest and safest cryptocurrency exchange, has launched a new online platform and subsidiary, DCX Learn, a holistic resource for cryptocurrency and blockchain educational content. This is part of CoinDCX’s crypto adoption initiative, #TryCrypto, which aims to introduce 50 million Indian users to the cryptocurrency sector. Coming off the back of a dedication of US$1.3 million to its #TryCrypto initiative, CoinDCX plans for DCX Learn to play a vital role in leading the nationwide movement towards borderless financial services digital asset adoption. 

On the launch of DCX Learn, Sumit Gupta, CEO and Co-founder of CoinDCX, said: “With the potential to accelerate financial inclusion in India, as well as opening gateways to new forms of investing, cryptocurrencies can benefit everyone. However, for Indians to take full advantage of crypto, we need to lay the groundwork through appropriate education. With DCX Learn, we want to arm users with the knowledge necessary to navigate crypto markets. As India’s largest exchange, we believe it is our duty to give people the tools needed to unlock the benefits of digital assets, and we are sure that DCX Learn will be vitally important in achieving our goal of onboarding 50 million Indian crypto users."

The DCX Learn platform will provide learning material in the form of guides and articles, online courses, interactive lectures, and free quizzes, specifically tailored to all levels of crypto users, from novice to advanced market participants. Topics on the platform will include blockchain, cryptocurrency, trading, economics, and security. As India’s safest crypto exchange, CoinDCX has confirmed that crypto security will be a major focus on the platform providing information and knowledge for safe trading. The content available on DCX Learn will also be supported by collaborators from leading global industry thought leaders including CryptoKanoon, CoinCrunch, Inlox Network, Cashaa, and many more to be announced.  

Expressing support for the launch of DCX Learn, Kashif Raza, Co-founder of CryptoKanoon, said: “ At this stage of growth for the Indian crypto community, there is a need to provide potential users with better access to knowledge and toolsets to make their trading experience safe and productive. The launch of DCX Learn comes at a time when India is bullish on crypto—and with more resources and information available to Indian users, we are confident that the industry can achieve long term, sustainable growth."

Shan Aggarwal, Head of Corporate Development at Coinbase said: “With most of the world currently in some form of lockdown due to the Covid-19 crisis, people are staying home and learning more about cryptocurrencies. This is a great time for an initiative and platform such as DCX Learn to provide valuable information on the benefits they can accrue with crypto, as well as how to engage in its use. We are looking forward to lending our support towards CoinDCX in providing crypto-related education."

The launch of DCX Learn follows the recent news that CoinDCX has closed a successful Series A funding round, with $3 million in funding from Bain Capital and others,as well as successful strategic investment of an additional $2.5 million from Coinbase Ventures, and Polychain Capital.

Sign up for DCX Learn on https://dcxlearn.com/sign-up/ and receive updates on available resources, seminars, and courses.

Additional Collaborator Quotations:

Kumar Gaurav, CEO of Cashaa, said: "Bitcoin is an exit door that can save all of us from the fall of the current financial system. It will enable the next wave of financial services by making them convenient, economical, and giving back users full control over their money. It's very important that Indians as a significant percentage of the world population must understand this change. I am proud that Coindcx is doing its best to empower the billions of people through this wonderful initiative. Cashaa is looking forward to supporting CoinDCX on the launch of the DCX Learn platform."

Abhimanyu Kashyap, Founder and CEO of Inblox said: “India is currently witnessing increasing interest in cryptocurrencies and digital asset adoption. There is now a big opportunity for everyone to get involved in the technology of the future. However, while with new technologies, come new opportunities, they also carry new risks.. This is why it is imperative that industry leaders create a culture of knowledge dissemination for all newcomers to the industry. We are proud to stand with CoinDCX as it launches its DCX Learn initiative to bring about awareness of cryptocurrencies and their  benefits in all its forms. We will offer our full support in this endeavour.” 

About CoinDCX

CoinDCX is India’s largest and safest cryptocurrency exchange. Built with user experience and security in mind, CoinDCX provides instant fiat to crypto conversions with zero fees, so that users can have access to a diverse suite of financial products and services that are backed by industry-leading security processes and insurance protection.

CoinDCX aims to be the global gateway to cryptocurrencies. Its proprietary liquidity aggregation model provides its users with access to liquidity from leading global crypto exchanges. Recognised and awarded for its contribution to the Indian emerging tech space, CoinDCX is backed by investors such as Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX. CoinDCX offers users an integrated suite of products, including DCXinsta, providing fiat onboarding from Indian Rupees (INR) to crypto, DCXlend, a decentralised lending service, and DCXmargin, with up to 6x leverage trades across more than 250 markets, and DCXfutures, with up to 20x leverage trades on leading digital assets futures.

CoinDCX Announces $2.5 Mn Strategic Investment from Polychain Capital and Coinbase Ventures

CoinDCX, India’s largest and safest cryptocurrency exchange, has announced that it has secured a US$2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency giant Coinbase. The investment will reinforce CoinDCX’s efforts to spearhead crypto adoption including the #TryCrypto campaign, one of India’s largest crypto adoption initiatives aimed at bringing the total number of crypto users in India to 50 million.

The announcement of the strategic investment from Polychain Capital and Coinbase Ventures comes at a time of unprecedented growth and record trading volumes for the cryptocurrency industry in India, despite the global economic uncertainty caused by the Covid-19 pandemic. The investment will bolster CoinDCX’s efforts in building a user-focused and secure exchange to support the growing demand for crypto in India, as well as supporting CoinDCX’s INR 100 million (US$1.3 million) #TryCrypto initiative for educational initiatives, meetup events, community engagements, and consumer campaigns. Part of the initiative will include a roll out of Academy, a full-fledged blockchain and cryptocurrency learning program aimed toward first-time and novice cryptocurrency traders.

Sumit Gupta, CEO and Co-founder of CoinDCX, said of the investment: “The recent months have shown that the cryptocurrency industry in India is finally getting the recognition it deserves from global corporations and investors. Our relationship with Polychain Capital goes from strength to strength, reflecting our great partnership with the Polychain team. We are also excited to add Coinbase Ventures as an investor; Coinbase’s vision and successful efforts for global cryptocurrency adoption have been admirable and mirrors CoinDCX’s dream for a DeFi future. This new strategic investment into CoinDCX is a shot of confidence in our roadmap toward bringing the crypto asset class to a largely untapped Indian market. We look forward to our investors’ continued counsel in building the most trusted and safe exchange for our users.”

Polychain Capital also recently led CoinDCX’s US$3 million Series A round, which also included Bain Capital Ventures and HDR Group, Operator of BitMEX. Coinbase Ventures’ investment into CoinDCX comes after Coinbase began serving Indian customers in April 2019 and marks Coinbase’s first investment in an Indian blockchain company. Through Coinbase Ventures, Coinbase has also made investments in key cryptocurrency businesses such as Compound, BlockFi, Etherscan, Securitize, and Messari.

Olaf Carlson-Wee, Founder of Polychain Capital said: "We have worked closely with CoinDCX from an early stage, and have continued to be impressed by the team and vision. Their thoughtful insights into the Indian market as well as their long-term product roadmap have strengthened our belief in the potential of the business. We are thrilled to continue to support the team's vision and to provide our deep expertise in growing some of the most successful crypto projects in the world."

"As one of the earliest cryptocurrency exchanges in the world, Coinbase has been a pioneer in providing a safe and secure platform for those looking to enter the cryptocurrency market," said Shan Aggarwal, Head of Coinbase Ventures. "In working with Sumit, Neeraj, and their team at CoinDCX, we see a team that shares our approach of building trust with their customers. As India continues to close the gap between the cryptoeconomy and the mainstream market, CoinDCX is strongly positioned to become the leading platform that consumers in the country interact with crypto through."

Following the lifting of an industry-wide banking ban by the Reserve Bank of India in February, the CoinDCX witnessed 10x growth in sign-ups in one week, 47% growth in trading volumes, 150% growth in daily active users in March alone, and was the first cryptocurrency exchange in India to integrate bank account transfers on its exchange.

New Cryptocurrency 'CRO' to list on CoinDCX Crypto Exchange

• Crypto.com’s CRO Token on CoinDCX will be traded on in two pairs


• In combination with MCO listing in early April, Crypto.com’s full range of financial services is available to the Indian market

CoinDCX, India’s largest and safest cryptocurrency exchange and liquidity aggregator, announced that crypto payments pioneer Crypto.com will be listing its cryptocurrency CRO token on the CoinDCX exchange. It will be traded in two pairs CRO/BTC and CRO/INR. It means, Indian traders trading on the exchange can buy or sell CRO token in exchange of BTC (Bitcoin) or Indian Rupee. Following the successful listing of the MCO token on CoinDCX earlier this month, the CRO listing marks Hong Kong-based Crypto.com’s official entrance into the Indian market. With the integration of MCO and CRO onto the CoinDCX exchange, CoinDCX bolsters its crypto-based financial services offering, fulfilling its vision of building a trustless, borderless, and all-inclusive crypto ecosystem.

Deposit address open: 28 April 2020 (Tuesday) at 4pm IST / 6:30 pm HKT

Trading starts: 28 April 2020 (Tuesday) at 6pm IST / 8:30 pm HKT

Trading pairs: CRO/BTC & CRO/INR

Speaking on the listing, Sumit Gupta, CEO & Co-founder of CoinDCX said: ​“At a time when we are witnessing unprecedented growth in the use of cryptocurrencies in India, there is a need to provide users with an extensive range of crypto-based financial services that can ensure the faster, simpler, and uninterrupted flow of capital. We are thrilled that CRO is entering India, through our platform, which will help nearly 1.3 billion people in crypto trade CRO through INR. This is also an amazing opportunity for us to encourage more people to enter the crypto market through our ongoing #TryCrypto initiative.”

While the MCO token features key payment and finance utilities within the Crypto.com ecosystem, the CRO token is primarily used for settlements on the Crypto.com Chain, enabling transactions worldwide between merchants and cryptocurrency users in a seamless, secure and cost-efficient way.

“By using CRO as an intermediary currency on the Crypto.com Chain, participants — customers, merchants, crypto customer acquirers, and merchant acquirers — can convert their cryptocurrencies to their fiat counterparts at a much-reduced cost,” said Neeraj Khandelwal, Co-founder of CoinDCX. “The combination of MCO and CRO creates a full-service, global system that encourages the adoption of cryptocurrencies that is inspired by real-life use cases."

In 2019, the CRO token and the Crypto.com Chain project have made headlines based on the token’s dramatic price increases which propelled it to the top 50 position on the CoinMarketCap’s ranking.

The listing of MCO and CRO on CoinDCX follows the successful closing of CoinDCX’s ​$3 million Series A funding round by Polychain Capital, Bain Capital Ventures, as well as HDR Group, Operator of BitMEX. Following the lifting of an industry-wide banking ban by the Reserve Bank of India in February, the crypto exchange witnessed a 10x growth in sign-ups in one week. It also launched its long-term campaign entitled #TryCrypto​, pledging a sum of $1.3 million USD to bring about crypto mainstream adoption and the total number of crypto users in India to 50 million. 

About CoinDCX

CoinDCX is India’s largest and safest cryptocurrency exchange. Built with user experience and security in mind, CoinDCX provides instant fiat to crypto conversions with zero fees, so that users can have access to a diverse suite of financial products and services that are backed by industry-leading security processes and insurance protection.

CoinDCX aims to be the global gateway to cryptocurrencies. Its proprietary liquidity aggregation model provides its users with access to liquidity from leading global crypto exchanges. Recognised and awarded for its contribution to the Indian emerging tech space, CoinDCX is backed by investors such as Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX.

CoinDCX offers users an integrated suite of products, including DCXinsta, providing fiat onboarding from Indian Rupees (INR) to crypto, DCXlend, a decentralised lending service, and DCXmargin, with up to 6x leverage trades across more than 250 markets, and DCXfutures, with up to 20x leverage trades on leading digital assets futures. For more information, visit https://coindcx.com/ 

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it's a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of "cryptocurrency in every wallet" into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 250+ strong team.

Find out more by visiting https://crypto.com.