2 years ago
Amitoj Singh is CoinDesk's regulatory newsman covering India. He holds BTC and ETH beneath CoinDesk's disclosure threshold of $1,000.
Indian crypto speech CoinDCX raised implicit $135 cardinal successful Series D funding, the co-founder and CEO, Sumit Gupta wrote successful a Twitter post. The backing increases CoinDCX's valuation to to $2.15 cardinal from $1.1 cardinal pursuing Series C backing successful August 2021, said Rasika Joshi, manager of media relations astatine CoinDCX.
"The circular was led by Pantera Capital and Steadview Capital Management with beardown information from salient investors similar Kingsway, Draper Dragon, Republic, and Kindred," Gupta said.
The backing circular besides saw existing investors specified arsenic B Capital Group, Coinbase, Polychain and Cadenza expanding their investments successful CoinDCX. Coinbase besides launched trading successful India earlier this month.
CoinDCX did not instantly remark astir raising funds astatine a clip erstwhile India's trading volumes person plummeted aft the one-two punch of a caller taxation instrumentality and Coinbase's motorboat gone wrong with immoderate outgo processors dropping exchanges.
The speech besides said it has "recently partnered with crypto-native commercialized surveillance and marketplace integrity leaders specified arsenic Solidus Labs and Coinfirm, to fortify its anti-money laundering protection, and to supply precise and holistic detection and reporting into suspicious activities."
CoinDCX intends to astir triple its endowment excavation by the extremity of the year. "Currently, we basal astatine 400 employees and we volition person astir 1,000 by the year-end," Rasika said.
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Amitoj Singh is CoinDesk's regulatory newsman covering India. He holds BTC and ETH beneath CoinDesk's disclosure threshold of $1,000.
Amitoj Singh is CoinDesk's regulatory newsman covering India. He holds BTC and ETH beneath CoinDesk's disclosure threshold of $1,000.
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