Indian cryptocurrency exchange CoinDCX completes $90 million Series C financing
CoinDCX, a cryptocurrency exchange headquartered in India, announced the completion of a $90 million Series C financing.
This round of financing was led by B Capital Group (founded by former Facebook co-founder Eduardo Saverin); Repeat customers Coinbase Ventures, Polychain Capital, Block.one, Jump Capital, etc.
With this funding, CoinDCX will take new business initiatives to enhance its product supply and improve Technical infrastructure, And expand its workforce.
Other notable plans for CoinDCX include establishing partnerships to expand its user base, establishing research and development (R&D) facilities, strengthening policy dialogue through public discourse, and cooperating with the government to introduce Favorable regulations And educational support programs.
“With the support of the largest institutional supporters in the field of traditional and digital assets; we will redouble our efforts to create next-generation products with cutting-edge innovation, improve our existing product series, and strengthen our exchange infrastructure and product team.”
– Sumit Gupta, Co-founder and CEO of CoinDCX