India’s crypto exchange CoinDCX raised $ 14M

December 22, 2020

In the third round in 2020Among the millions it raised in the previous round, the company raised about $ 19.4M. CoinDCX, India-based cryptocurrency exchange, continues to dramatically expand its business with large new fundraisers. According to des. Statement21, CoinDCX raised $ 13.9 million from industry investors such as Coinbase and Polychain in its Series B funding.
Led by major telecommunications company Block.one, the new move also included Singaporean companies Temasek, Jump Capital, Uncorrelated Ventures, Mehta Ventures, and Alex Pack. This is CoinDCX’s thirdround investment in 2020, which totaled $ 19.4 million in total company acquisitions.
In March 2020, CoinDCX raised $ 3 million in Series A series from companies such as Polychain and BitMEX. The exchange secured $ 2.5 million in additional Series A financing from investors such as Coinbase and Bain Capital in May.
CoinDCX plans to use the newly raised funds to continue building crypto establishments in India with products like a crypto investment application called CoinDCX Go. The application was launched in public beta in Dec. 10 in the program called Try Crypto CoinDCX, which aims to enter 50 million cryptocurrencies for crypto services.
Image Courtesy : Pixabay
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