Cryptocurrency exchange CoinDCX announced on Tuesday that the platform has crossed the 10 million user mark. Launched in 2018, CoinDCX was one of the first such platforms to enter the Indian market. The growth of this milestone was fueled by the company’s impressive growth in 2021. Moving from a user base of 1.4 lakh at the end of 2020, the platform acquired over 98 lakh users in 2021 alone and crossed the 10 million milestone.
Celebrating the company’s achievement, Sumit Gupta, CEO and co-founder of CoinDCX, said that the phenomenal success of the platform is a testimony to the growing demand for digital assets in the Indian market. Emphasizing his company’s commitment to the customer experience, he said, “CoinDCX’s exponential growth over the past year testifies to the belief that our customers have trusted us as the most secure crypto exchange in the country and industry. With our commitment to drive transparency and credibility in the U.S., we aim to continue with our mission to provide a trusted trading experience, and champion education and awareness in blockchain technology and digital assets.”
In addition to being a crypto trading exchange, CoinDCX also provides education in crypto and blockchain with DCXLearn to combat misinformation and raise awareness in emerging technologies and innovations as cryptocurrencies move towards mainstream acceptance.
The platform offers dedicated investment solutions for users according to their needs, with CoinDCX for investment novices and veterans, CoinDCX Pro for experienced traders and HNIs and CoinDCX Prime for institutions.
“As a leading crypto powerhouse, CoinDCX has been at the forefront of India’s crypto landscape, putting the country on the world map for digital asset innovation. Neeraj Khandelwal, Co-Founder, CoinDCX, said, “We need to make a difference in India and beyond. We are proud to continue to lower barriers to make the future of finance more accessible to all, while continuing to strengthen our growth.”
Backed by former Facebook co-founder Eduardo Saverin’s B Capital, CoinDCX also became the first Indian crypto unicorn with its Series C funding. The ISO certified entity also has investments from investors such as Polychain Capital, Temasek, Bain Capital Ventures and BitMEX’s operator HDR Group.
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