CoinDCX is India’s most valuable crypto exchange, co-founded in 2018 by Sumit Gupta and Neeraj Khandelwal.
CoinDCX is India’s Most Valued Crypto Company
This article is about CoinDCX, one of the most valuable crypto companies in India. The company aims to create Web3 and crypto awareness in India. For this purpose, it has addressed the problems that the people of India have had with crypto in the past. Creating an easy-to-use platform has made crypto adoption easier for the Indian public.
The company has a valuation of more than $2 billion and is certified by the International Organization for Standards (ISO).
CoinDCX Past and Present
The company first emerged in 2018. Since 2018, CoinDCX, which has served millions of users, has raised $13.9 million in a Series B funding round, $90 million in a Series C funding round, and $135 million in a Series D funding round.
Features of CoinDCX
Since the platform wants to provide crypto adoption, it primarily targets users who are unfamiliar with crypto. Therefore, the platform has a very easy-to-use interface. The CoinDCX app can be downloaded for free from the Google Play Store, and the App Store. The platform is very popular in India and has the following statistics:
- 1.3 Crore+ Users
- 80,000 Crore+ INR Trading Volume
- 200+ Coins
Crore is equal to 100 lakhs in the Indian numbering system. This means that 1 Crore is equal to 1 million. So far, the platform has reached a total of more than 13 million users and a transaction volume of INR 80,000,000,000 million.
Easy and Quick to Use
As the company is targeting crypto adoption in India, the platform is very easy to use. Users can easily download the app and start trading with a quick setup.
Low Risk
It’s normal for people unfamiliar with crypto to be reluctant to invest large sums of money at once. That’s why the platform allows users to trade with as little as 100 rupees.
Secure
When users register on the platform, they need to authenticate themselves. All your data, credentials, and passwords are protected by a very strict system. The platform is protected by leading asset insurers, and 95% of assets are stored in multi-sig cold wallets.
Carefully Selected Crypto Assets
Since the platform always prioritizes users, it carefully selects the assets that users can invest in. The platform supports more than 200 carefully selected crypto assets.
24/7 Support
If users experience any problems, they can contact them 24/7 via e-mail and message.
Multiple Product Support
The platform offers a variety of products to its users, especially people unfamiliar with crypto. These are as follows:
- Insta
- Earn
- Spot Trade
- Margin Trade
- Futures
- API Broker
- API Docs
- Markets
- Liquidity Services
- Coin Listing
In addition, the platform provides users with various training on how to use these products.
DCXLearn
With DCXLearn, users can benefit from free training on blockchain technology and cryptocurrencies. The courses are taught by blockchain and crypto industry experts. All users can register for the courses.
In addition, CoinDCX offers a variety of educational videos on its YouTube account.
How to Get Started?
To use the platform, you first need to download CoinDCX on a mobile device. Then you need to complete a registration process that will take 2 minutes. Users who successfully complete the registration process are sent to the KYC verification screen. KYC Verification is done in as little as 5 minutes.
Users who have successfully completed all the steps can now start trading crypto by uploading funds to the platform.
Investors and Awards
CoinDCX has raised more than $200 million in investments to date. The platform is backed by Coinbase Ventures, Bain Capital Ventures, Polychain Capital, and BitMEX. The crypto exchange is very popular in India and has achieved the following successes to date:
- Great Place to work – 2021 & 2022
- Tech Start-up of the year – Entrepreneur Awards
- Elite list of Unicorns in India 2021 by Tracxn
- Next Hottest Product by Amplitude
As can be seen from the above, the platform has achieved various successes since its launch in 2018.
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