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[Funding alert] CoinDCX raises $3M in Series A round led by Polychain Capital, Bain Capital Ventures

Quick Summary

CoinDCX, a cryptocurrency trading platform and liquidity aggregator, announced that it raised $3 million in its Series A funding round led by Polychain Capital, Bain Capital Ventures, and HDR Group - operator of BitMEX, along with other venture capitalists. The funds raised will reinforce CoinDCX’s nationwide efforts to promote crypto adoption, as well as bolster its next phase of development, including product and service enhancements, research and development, marketing activities, and human resource growth. Founders Neeraj & SumitThe exchange also has plans to develop a fiat onboarding solution in partnership with major crypto projects, algorithm-based trading, and a crypto-to-crypto trading product in the pipeline for 2020. Following the Supreme Court decision, CoinDCX became the first cryptocurrency exchange in India to integrate bank account transfers. The campaign aims to rally the country through a series of on-the-ground and online initiatives, including DCXLearn - its full-fledged crypto learning programme.

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