India’s Enforcement Directorate (ED) has chosen CoinDCX, the country’s largest crypto exchange, to handle confiscated digital assets. Through this partnership, CoinDCX will help offer a secure system to store and manage these funds, ensuring there is enough compliance and safety. CoinDCX Takes Charge of India’s Seized Crypto Assets India’s Enforcement Directorate (ED) has chosen CoinDCX, […]
CoinDCX
BitOasis Earns Full VARA License: A Game-Changer for Dubai’s Crypto Market
BitOasis, a pioneering crypto trading platform in the Middle East and North Africa (MENA), has earned its full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This announcement, made on December 9, marks a major step forward for the company following its acquisition by Indian crypto exchange CoinDCX. With this […]
CoinDCX Launches $6M Safety Net for Indian Crypto Investors
CoinDCX, India’s top crypto exchange, has embarked on a transformative step towards investor protection by launching a groundbreaking Crypto Investors Protection Fund [CIPF] valued at INR 50 crores, or approximately $6.1 million. This move underscores the platform’s commitment to safeguarding user assets and fostering trust within the Indian crypto ecosystem. With a primary focus on […]
FIU Notice Spurs Shift: Indian Crypto Exchanges Draw In Binance And OKX Investors
In response to the Financial Intelligence Unit’s (FIU) issuance of a notice of noncompliance against 10 foreign crypto exchanges on December 28, 2023, Indian crypto exchanges are now presenting enticing options for investors looking to transfer their crypto assets from banned offshore platforms. The Ministry of Finance Financial Intelligence Unit had imposed a ban on […]
India’s First Crypto Unicorn Battles for Tax Reform
The cryptocurrency landscape in India has undergone a seismic transformation since the contentious introduction of the Tax Deducted at Source [TDS] in 2022. In the wake of dwindling digital asset transactions, prominent figures within the industry have raised concerns. Sumit Gupta, the CEO of CoinDCX, India’s first crypto unicorn, has emerged as a leading advocate […]
CoinDCX’s valuation doubles following $135M Funding
India’s leading trading platform CoinDCX has doubled its valuation to $2.15 billion after a fresh $135 million capital injection, with an aim to spread its footprint in the web3 and the crypto industry in general co-founder Neeraj Khandelwal tweeted today. The Series D financing round was spearheaded by Steadview and Pantera Capital. Others who backed […]
India’s first crypto-unicorn ramps up hiring program after crossing 10M users
India’s foremost crypto-unicorn CoinDCX has accelerated its pace of hiring to meet the growing demand of its rapidly expanding user base. Last month, the platform achieved a new milestone when the number of users crossed more than 10 million [1 crore] from 140k at the end of 2020. Mudita Chauhan, head, of human resources at […]
Floki Inu available to millions through CoinDCX listing
Floki Inu has been added to CoinDCX Pro, yet another Indian cryptocurrency exchange platform. CoinDCX had declared that the altcoin would be listed at 8.30 p.m. on 2 March 2022. Floki Inu (FLOKI) is a meme coin that is dog-themed. This altcoin calls itself “a movement” rather than a meme coin. This cryptocurrency was created by Shiba Inu […]
CoinDCX exchange aims for IPO amidst the regulatory prevailing strictness
Despite regulatory uncertainty, the Indian crypto ecosystem is flying high, as evidenced by the number of crypto companies achieving unicorn status in the last two years. CoinDCX, one of India’s most popular crypto exchanges and the country’s first crypto unicorn, has announced plans to go public through an initial public offering (IPO). The crypto exchange’s […]
Indian Cryptocurrency Exchange CoinDCX Raises Millions in Latest Investment Round
Bitcoin and the rest of the cryptocurrency market have tried their best to become mainstream after a decade of their inception. This growing financial sector has become so important that regions around the world have begun to rethink their applications. India was one of the few countries vehemently opposed to cryptocurrencies. The ban on cryptocurrency […]