CoinDCX

CoinDCX

Developer of a mobile application-based cryptocurrency exchange platform

Founded

2018

Headquarters

Mumbai (India)

Status

Series D

Company Details

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.

Core Products and Services

  • 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.

Business Model & Revenue Streams

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.

Customer Segmentation

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.

Growth Strategy

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.

Competitive Differentiation

  • 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.

Conclusion

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.

Key People

Sumit Gupta

Neeraj Khandelwal

Prashant Verma

Vivek Gupta

Mudita Chauhan

Key Metrics

Total Equity Funding

$247 Million

No. of Funding Rounds

6

Latest Funding Round

$135 Million, Series D

as of March 29, 2022

Post Money Valuation

$2.15 Billion

as of April 19, 2022

Funding Multiple

8.8

as of April 19, 2022

Investors

Polychain

and 2 more

Employee Count

765

Similar Companies

Fuze

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
March 29, 2022Series D$135 Million$1.5 Billion$60 Million23.1x Pantera Capital, Kindred Ventures, Kingsway Capital, Draper Dragon, Cadenza, B Capital
June 17, 2021Series C $90.2 Million$779 Million$19.8 Million34.5x Jump Capital, Bain Capital Ventures, Uncorrelated Ventures, B Capital
September 28, 2020Series B$13.9 Million$36.4 Million $3.6Million 6.3x Jump Capital, Uncorrelated Ventures, Mehta Ventures, Cadenza, Distributed Global
May 26, 2020Series A$2.5 Million`-$1.8 Million- Cadenza
March 24, 2020 Series A$3 Million-$882 K-Bain Capital Ventures
March 20, 2019Seed$2.1 Million$9.6 Million Bain Capital Ventures, Shyn Capital, Cadenza, Jet Investment

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