Crypto exchange CoinDCX announced on Tuesday that the platform has crossed the one-crore user mark. CoinDCX was launched in 2018, and it was among the first platforms to enter the Indian market. The rise to this milestone was driven by the company’s stellar growth in 2021. Going from a user base of 1.4 thousand at the end of 2020, the platform had acquired more than 98 lakh users in 2021 alone to surpass #1 crore.
Celebrating the company’s achievements, CoinDCX CEO and Co-founder Sumit Gupta said that the massive success of the platform was evidence of the growing demand for digital assets in the Indian market. Emphasizing his company’s commitment to customer experience, he added, “CoinDCX’s exponential growth in the past year is a testament to the trust our customers have placed in us as the best crypto exchange in the country and our commitment to bringing transparency and credibility to the industry. With this achievement, we look forward to moving forward in our mission.” of providing a trusted trading experience, endorsing education and awareness in blockchain technology and digital assets.”
Aside from being a crypto trading exchange, CoinDCX also offers crypto and blockchain education with DCXLearn to combat misinformation and raise awareness of emerging technologies and innovation as cryptocurrencies move toward mainstream acceptance.
The platform offers customized investment solutions for users according to their needs ranging from CoinDCX for novice and veteran investors, to CoinDCX Pro for seasoned traders, and CoinDCX Prime for institutions and the wealthy.
“As a leading crypto powerhouse, CoinDCX has been at the forefront of India’s crypto scene, putting the nation on the world map for digital asset innovation. We are proud to continue to drive our growth in India and beyond, reducing barriers to making the future of finance in the accessible to all.”
Backed by former Facebook co-founder Eduardo Saverin’s B Capital, CoinDCX with its Series C funding also became India’s first unicorn. This ISO-certified entity also holds investments from investors such as Polychain Capital, Temasek, Bain Capital Ventures and HDR Group, operator of BitMEX.