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CoinDCX, India’s first crypto unicorn on February 8 announced that it now has more than one crore users. This milestone has been reached just four years. The comapny says it is step towards the company’s vision to provide safe, secure, and easy access of digital assets to five crore users in India.
CoinDCX CEO & Co-Founder Sumit Gupta said, “Accomplishing such a phenomenal milestone in just under four years since launch is a remarkable feat and is a testament to the growing demands for digital assets in India. CoinDCX’s growth in the past year attests to the trust that our customers have placed in us as the nation’s safest crypto exchange and from our commitment to drive transparency and credibility in the industry. With this achievement, we look to push forth with our mission to offer a trusted trading experience, and champion education and awareness in blockchain technology and digital assets.”
Formed in 2018, CoinDCX has grown from 1.4 lakh users in 2020 to over a crore now. CoinDCX’s growth has been driven by a combination of both greater appreciation and awareness of crypto assets amongst the younger generation, Tier II cities and women investors, as well as a desire for a safe and reliable crypto trading platform.
With aims to establish global financial inclusion using crypto-based products, CoinDCX has been developing borderless financial services that prioritises security and safety, while ensuring a faster, simpler, and uninterrupted flow of capital.
CoinDCX has also spearheaded education in crypto and blockchain with DCXLearn to combat misinformation and drive awareness in emerging technologies and innovation — particularly as crypto advances towards mainstream adoption and grows in its importance. It also offers a myriad of investment solutions for every investor, from CoinDCX for investment novices and veterans, to CoinDCX Pro for seasoned traders, and CoinDCX Prime for HNIs and institutions. With its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital, CoinDCX became India’s first crypto unicorn.