CoinDCX, established in 2018 as India's preferred crypto exchange and an instrumental player in the broader Web3 ecosystem, has secured $135,000,000 in its latest funding round. This substantial capital infusion underscores the confidence of global investors in the company's vision and its integral role in the evolving digital asset landscape. CoinDCX's mission is to provide easy access to Web3 experiences and democratize investments in virtual digital assets for its more than 2 crore registered users.
The company prioritizes user safety and security, adhering strictly to KYC and AML guidelines. It employs a stringent 7M Framework for listing crypto projects, ensuring users access only robust virtual digital assets. Beyond its core exchange operations, CoinDCX contributes to the Web3 ecosystem through strategic partnerships, including with Okto for India to launch a secure multi-chain DeFi app. This app offers a keyless, self-custody wallet aimed at simplifying decentralized finance.
Furthermore, CoinDCX Ventures has actively invested in over 15 innovative Web3 projects, reinforcing the company's dedication to ecosystem development. Its flagship educational initiative, #NamasteWeb3, empowers Indians with essential Web3 knowledge, preparing them for the future of virtual digital assets. The company's comprehensive approach reflects its commitment to safety, simplicity, and education in the burgeoning Web3 space.
CoinDCX plans to strategically deploy the newly raised capital to further enhance its platform, expand its offerings, and support key growth initiatives. This investment positions the company to continue its leadership in India's digital asset market, driving innovation and expanding access to decentralized finance and Web3 technologies for a broader audience. The company remains focused on leading India towards a decentralized future.
