RATE Group | CoinDCX to Fund Crypto Education in India – Finance and Funding
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CoinDCX to Fund Crypto Education in India – Finance and Funding

19 Mar CoinDCX to Fund Crypto Education in India – Finance and Funding

Posted at 13:02h in Cryptocurrency News by

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CoinDCX funds Crypto Education in India with $1.3 million

The Mumbai-based Cryptocurrency exchange, CoinDCX, recently revealed plans to pledge $1.3 million towards increased awareness and adoption of cryptocurrency in India.

According to reports, CoinDCX will use the funds for a long-term initiative known as ‘TryCrypto.’ The goal of the project is to encourage more awareness about cryptocurrency among Indians. It is also set to increase the number of crypto users in the country.

Commenting on the potential of the Indian market, the CEO and co-founder of CoinDCX, Sumit Gupta said, “Only 5 million people in India currently hold cryptocurrencies, less than 0.5% of the population.”

“We believe, however, that by educating consumers and combating negative preconceptions of the industry, we can boost the number from 5 million to 50 million so that everyone can unlock the benefits of digital assets,” he added.

At present, there is an on-going India’s Crypto Referral Program geared towards bringing more people into the crypto…

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