CoinDCX Secures $135 Million in Series D Funding, Valuing Indian Crypto Exchange Above $2 Billion
Big news for the Indian crypto market! Indian crypto exchange CoinDCX raised over $135 million in Series D funding, solidifying its position as a leading player. This significant investment highlights the continued interest and potential within the Indian cryptocurrency landscape, despite recent regulatory changes.
CoinDCX, an Indian cryptocurrency exchange, has raised $135 million in its Series D fundraising round, valuing the company at over $2 billion. Pantera and Steadview led the funding round, showcasing strong confidence in CoinDCX's future growth and strategic vision. The round brings CoinDCX's total funding to a substantial amount, allowing them to further invest in key areas.
The funding increases Indian cryptocurrency exchange CoinDCX raised over $135 million in a Series D funding round led by Pantera Capital and Steadview. This oversubscribed round demonstrates the strong investor demand and belief in CoinDCX's leadership within the Indian market. Even as crypto trading volumes dip on the back of the new tax that kicked off from April 1, cryptocurrency exchange CoinDCX announced it has closed an oversubscribed funding round, highlighting the resilience and long-term potential seen in the company.
Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives. This investment will be crucial for CoinDCX to expand its offerings, explore new technologies like Web3, and further educate the Indian population about cryptocurrency and blockchain technology.
Indian crypto exchange CoinDCX raised over $135 million in Series D funding, the co-founder and CEO, Sumit Gupta wrote in a Twitter post. This announcement further validates the company's success and provides reassurance to users and investors alike about CoinDCX's long-term stability and growth prospects.
This Series D funding round marks a significant milestone for CoinDCX and the Indian crypto industry as a whole. It showcases the growing maturity of the market and the potential for innovation within the Web3 space.