Investment Amount US$2.5 Million
Investment to help bolster CoinDCX’s crypto adoption efforts with the goal of having 50 million crypto users in India to #TryCrypto
CoinDCX witnessed 10x growth in sign-ups in one week, 47% growth in trading volumes, 150% growth in daily active users in March alone
Mumbai, India, May 26, 2020- CoinDCX, India’s largest and safest cryptocurrency exchange, has announced that it has secured a US$2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency giant Coinbase. The investment will reinforce CoinDCX’s efforts to spearhead crypto adoption including the #TryCrypto campaign, one of India’s largest crypto adoption initiatives aimed at bringing the total number of crypto users in India to 50 million.