2018
Mumbai (India)
Series D
CoinDCX has positioned itself as "India's most valuable crypto investment app" and was the first cryptocurrency startup in the country to achieve unicorn status.
The company operates within the financial services industry, specifically focusing on blockchain technology and digital assets, with its primary market being India. CoinDCX's mission centers on democratizing cryptocurrency access for Indians and building a robust Web3 ecosystem. As of 2025, the platform serves over 14 million registered users and continues to grow rapidly.
Coins Trading: Buy and sell cryptocurrencies instantly.
Margin Trading: Trade with leverage to maximize potential returns.
Convert: Instantly swap one crypto asset for another.
Futures Trading: Trade crypto futures contracts for potential profit on price movements.
Earn: Grow your crypto holdings through staking or interest-bearing products.
VIP: Access exclusive benefits and lower fees for high-volume traders.
CoinDCX's value proposition lies in its commitment to making cryptocurrency accessible through a user-friendly interface while maintaining robust security measures, including two-factor authentication and cold storage for assets. The platform supports trading in over 500 cryptocurrencies and provides real-time market updates.
CoinDCX operates on a multi-faceted revenue model centered primarily around transaction-based fees and premium services. Its primary revenue streams are :
Trading Fees: CoinDCX charges between 0.1% to 0.3% of transaction value, varying based on trading volume and cryptocurrency type.
Withdrawal Fees: Applied when users transfer funds off the platform.
Listing Fees: Charged to new cryptocurrencies seeking to be listed on the exchange.
Premium Subscriptions: Offering advanced features and tools for sophisticated traders.
Partnership and Affiliate Programs: Additional revenue through strategic collaborations with blockchain and cryptocurrency companies.
CoinDCX serves a diverse customer base spanning multiple demographics:
Age Range: From young millennials to middle-aged individuals and retirees.
Primary Target: Professionals and tech-savvy users with higher disposable income and greater understanding of financial markets.
B2C Focus: Individual investors ranging from beginners to experienced traders
B2B Services: API solutions for businesses seeking enterprise-level cryptocurrency trading capabilities.
CoinDCX's growth approach follows a strategic framework focused on several key areas:
Customer Experience: Rigorous measurement of satisfaction metrics like Net Promoter Score (NPS), which has reached approximately 65% .
Aggressive Market Expansion: The company has been "ruthlessly aggressive" in its growth tactics, constantly experimenting with new approaches.
Educational Initiatives: The #NamasteWeb3 program aims to empower Indians with Web3 knowledge.
Product Innovation: Continuous development of new features and improvement of existing ones
Strategic Partnerships: Collaborations that enhance service offerings and market reach.
Comprehensive Security Framework: Strict adherence to KYC and AML guidelines.
Quality Assurance: Implementation of a proprietary 7M Framework for cryptocurrency listing that ensures users access only the safest digital assets.
Educational Focus: Substantial investment in user education and awareness.
Full Ecosystem Approach: Services catering to all experience levels from beginners to advanced traders.
CoinDCX's business model reflects its commitment to both accessibility and security in the cryptocurrency space, positioning it as a market leader in India's rapidly evolving digital asset landscape. For investors, researchers, and industry professionals, CoinDCX represents a unique blend of innovative technology, strong market positioning, and clear growth trajectory in one of the world's largest potential cryptocurrency markets.
$247 Million
6
$135 Million, Series D
as of March 29, 2022
$2.15 Billion
as of April 19, 2022
8.8
as of April 19, 2022
Polychain
and 2 more765
Fuze
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
March 29, 2022 | Series D | $135 Million | $1.5 Billion | $60 Million | 23.1x | Pantera Capital, Kindred Ventures, Kingsway Capital, Draper Dragon, Cadenza, B Capital |
June 17, 2021 | Series C | $90.2 Million | $779 Million | $19.8 Million | 34.5x | Jump Capital, Bain Capital Ventures, Uncorrelated Ventures, B Capital |
September 28, 2020 | Series B | $13.9 Million | $36.4 Million | $3.6Million | 6.3x | Jump Capital, Uncorrelated Ventures, Mehta Ventures, Cadenza, Distributed Global |
May 26, 2020 | Series A | $2.5 Million` | - | $1.8 Million | - | Cadenza |
March 24, 2020 | Series A | $3 Million | - | $882 K | - | Bain Capital Ventures |
March 20, 2019 | Seed | $2.1 Million | $9.6 Million | Bain Capital Ventures, Shyn Capital, Cadenza, Jet Investment |