RATE Group | Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment
89213
post-template-default,single,single-post,postid-89213,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment

26 May Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment

Posted at 03:22h in Cryptocurrency News by

CoinDCX, India’s largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase.

The investment comes shortly after the exchange’s Series A funding round in March, in which CoinCDX secured $3 million from Bain Capital, Polychain and HDR Group, the operator of cryptocurrency exchange BitMEX.

In an announcement from CoinDCX on May 25, the exchange said it would be using the funds to encourage mass adoption of cryptocurrency in India through its “TryCrypto” campaign. CoinDCX stated its goal was to have 50 million crypto users in the country. One of TryCrypto’s initiatives will be a cryptocurrency and blockchain educational program aimed toward new traders.

Sumit Gupta, Co-founder and CEO of CoinDCX, said the crypto industry in India was garnering more attention from global corporations like Coinbase and Polychain. This recent investment, coupled with the…

Source link

Tags:
, , , , , , ,