{"id":60320,"date":"2022-04-19T12:03:41","date_gmt":"2022-04-19T09:03:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60320"},"modified":"2025-09-05T02:43:09","modified_gmt":"2025-09-04T23:43:09","slug":"coindcx-crypto-exchange-valued-at-2-15-billion-following-series-d-funding-round","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coindcx-crypto-exchange-valued-at-2-15-billion-following-series-d-funding-round\/","title":{"rendered":"CoinDCX crypto exchange valued at $2.15 billion following Series D funding round"},"content":{"rendered":"<p>Indian cryptocurrency exchange CoinDCX raised $135 million in a Series D financing round, valuing the company at $2.15 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Indian crypto exchange CoinDCX has doubled its valuation to $2.15 billion in eight months following a fresh $135 million funding. CoinDCX said it has amassed over 10 million users. <a href=\"https:\/\/t.co\/xx2L6d4xne\">https:\/\/t.co\/xx2L6d4xne<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1516227717204611074?ref_src=twsrc%5Etfw\">April 19, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The round was led by Steadview and Pantera Capital.<\/p>\n<p>The funding also came from Coinbase Ventures, Kingsway, DraperDragon, Republic, Kindred, B Capital Group, Polychain and Cadenza.<\/p>\n<p>Investors&#8217; appetite was not affected by <a href=\"https:\/\/forklog.com\/en\/news\/indian-parliament-passes-law-taxing-cryptocurrency-transactions\">the introduction of a 30% tax<\/a> on profits from cryptocurrency transactions and the controversial 1% levy under <span data-descr=\"\u043d\u0430\u043b\u043e\u0433, \u0443\u0434\u0435\u0440\u0436\u0430\u043d\u043d\u044b\u0439 \u0443 \u0438\u0441\u0442\u043e\u0447\u043d\u0438\u043a\u0430\" class=\"old_tooltip\">TDS<\/span>. The changes dampened activity among local traders.<\/p>\n<p>The funds will be used to expand the product suite and hire staff, with a focus on compliance professionals.<\/p>\n<p>Earlier the company formed partnerships with Solidus Labs and Coinfirm to enhance compliance with <span data-descr=\"\u0413\u0440\u0443\u043f\u043f\u0430 \u0440\u0430\u0437\u0440\u0430\u0431\u043e\u0442\u043a\u0438 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0445 \u043c\u0435\u0440 \u0431\u043e\u0440\u044c\u0431\u044b \u0441 \u043e\u0442\u043c\u044b\u0432\u0430\u043d\u0438\u0435\u043c \u0434\u0435\u043d\u0435\u0433\" class=\"old_tooltip\">FATF<\/span> recommendations.<\/p>\n<p>CoinDCX plans to expand educational content in the <a href=\"https:\/\/forklog.io\/indijskaya-kriptobirzha-coindcx-zapustila-prilozhenie-dlya-torgovli-bitkoinom\/\">app<\/a> and create a venture arm. Previously the company introduced the option of periodic investments in digital assets.<\/p>\n<p>According to the platform, more than 10 million users rely on its services.<\/p>\n<p>In August 2021 CoinDCX <a href=\"https:\/\/forklog.io\/bitkoin-birzha-coindcx-stala-pervym-v-indii-edinorogom-iz-kriptoindustrii\/\">became India&#8217;s first crypto unicorn<\/a> with a valuation of $1.1 billion.<\/p>\n<p>In November, its co-founders signaled a potential IPO after regulatory clarity emerged.\u00a0<\/p>\n<p>In April 2022, Coinbase opened access to its services for users in India.<\/p>\n<p>Earlier, <a href=\"https:\/\/forklog.com\/en\/news\/media-kraken-and-bitfinex-eye-indias-market\">exchanges Kraken, Bitfinex and KuCoin<\/a> began exploring operations in the country.<\/p>\n<p>Binance has been present in this market since 2019 after acquiring the local exchange WazirX.<\/p>\n<p> Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian cryptocurrency exchange CoinDCX raised $135 million in a Series D financing round, valuing the company at $2.15 billion.<\/p>\n","protected":false},"author":1,"featured_media":60321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1837,278,1133],"class_list":["post-60320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coindcx","tag-india","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=60320"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60320\/revisions"}],"predecessor-version":[{"id":60322,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60320\/revisions\/60322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/60321"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=60320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=60320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=60320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}