RATE Group | Indian crypto exchange CoinDCX closes $3 million Series A
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Indian crypto exchange CoinDCX closes $3 million Series A

24 Mar Indian crypto exchange CoinDCX closes $3 million Series A

Posted at 11:31h in Cryptocurrency News by

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CoinDCX, India’s largest cryptocurrency trading platform and liquidity aggregator, has announced that it has closed its Series A funding round led by Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX, with participation from other venture capitalists.

The secured funds, amounting to US$3 Million, will reinforce CoinDCX’s nationwide efforts to promote crypto adoption, as well as bolster its next phase of development including product and service enhancements, research and development, marketing activities, and human resource growth.

The announcement of the successful closure of the Series A funding round comes as India witnesses unprecedented levels of crypto adoption following the lifting of an industry-wide banking ban by the Reserve Bank of India enacted in 2018. The investment marks the beginning of a new stage of growth for CoinDCX, and will allow the exchange to accelerate improvements to its service-offering to match the…

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