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CoinDCX Raises $135 Million With a Valuation of Over $2 Billion

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CoinDCX Raises $135 Million With a Valuation of Over $2 Billion
21 Apr 2022
4 min read

News Synopsis

Indian crypto exchange CoinDCX has raised $135 million in a Series D funding round with a valuation of over $2 billion. The round was led by Pantera and Steadview and was attended by prominent investors such as Kingsway, DraperDragon, Republic, and Kindred along with the participation of B Capital Group, Coinbase, Polychain, and Cadenza

CoinDCX said it is continuing to raise awareness of cryptocurrencies and blockchain and educate Indian investors. We are working closely with universities to launch several educational initiatives and campaigns through the DCX Learn platform to increase understanding and confidence in this new asset class. CoinDCX also plans to establish an innovation center to promote the adoption of Web3 and blockchain in India.

Sumit Gupta, co-founder, and CEO, of CoinDCX, has said, “The latest round by some of the largest institutional investors only reinforces the belief in India's immense potential in the crypto ecosystem. With a shared vision of a digital-first economy, we see this round as a strong endorsement of the amazing work that CoinDCX has done for the ecosystem over the years and our plans for the future.”