It was the biggest milestone yet for the world’s first cryptocurrency exchange which was founded in 2013 by DCX CEO and Co-founder Rajesh Sawhney.
“CoinDCX is India’s first cryptocurrency trading platform which employs a unique technology to make trading in cryptocurrencies easy and painless. We call it CoinDCX Payout. We enable our users to trade instantly against fiat currencies using mobile and AI based trading platforms. The ecosystem is powered by AI bots which are made strong by machine learning and Adaptive learning algorithms. The bots learn your trading preferences, adapt and personalize the experience. This means that you can trade and earn more with this platform. Do let us know how we can help you reach your goals.”
CoinDCX, India’s first crypto exchange with unicorn status, has raised $90 million in its Series A round led by Tiger Global and Amitabh Kant, India’s finance minister; it also raised $20 million earlier this year in a seed round led by Blume Ventures, and $5 million in a seed round led by Tech Mahindra.
TL;DR Summary
• CoinDCX services aim to revitalize the Indian crypto industry, and the CoinDCX platform provides investment leverage.
CoinDCX, India’s most secure cryptocurrency platform, has finally completed a $90 million C-line race. This round was led by the Capital Group Company. Other businesses’ contributions, such as Jump Capital, Polychain Capital, Coinbase Ventures, Block.one, and other prospective investors, are also mentioned.
CoinDCX is the first cryptocurrency exchange in India to reach such a high level. Following the conclusion of the project, the CoinDCX platform will continue to look for new business initiatives to enhance its operations. The bitcoin exchange hopes to increase trading and gain over 50 million clients in this manner.
CoinDCX aims to make cryptocurrency trading easier.
Users in India continue to be impressed with CoinDCX, who have observed additional noteworthy changes to its trading site. Partnering with Fintech businesses to increase their investor base is one of the exchange’s unique features. Similarly, the platform aims to provide foundations for development and research.
This R&D team will also serve for future conversations that the platform launches with the national government to control crypto regulations.
Sumit Gupta, the CEO of the bitcoin platform, explains that India has a higher rate of cryptocurrency adoption for investing. However, in India, there are just a handful crypto sites that restrict how users may utilize cryptocurrency. This investment plan may alter as a result of CoinDCX’s cryptocurrency sponsorship.
The exchange’s aim, according to Gupta, is to promote the usage of cryptocurrency throughout the country, and it will be beneficial to businesses and new investors. The exchange will have the best security ring and would be able to accommodate 3.5 million users.
Where did India’s cryptocurrency platform originate?
CoinDCX is a cryptocurrency exchange that debuted in 2018 and has since seen a steady stream of cryptocurrency transactions. The platform allows Indian investors to conduct quick and safe crypto transactions, making it a pioneer. This website has established itself as the leading crypto investing center for both newcomers and seasoned investors.
The crypto platform provides high-quality services such as “Lend,” which is based on bitcoin investment loans. There’s also “Margin,” an online system that provides leverage services in a variety of marketplaces. Finally, there are upcoming services that provide leverage on the main cryptocurrency.
CoinDCX is India’s first and leading cryptocurrency exchange with unicorn status. We have raised $90 million in funding, becoming India’s first unicorn company with a valuation of $1 billion.. Read more about sumit gupta and let us know what you think.
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