CoinDCX, a cryptocurrency exchange platform launched in 2018, has grown to be one of the biggest cryptocurrency exchanges in India. The company was founded by Sumit Gupta and Neeraj Khandelwal. The platform aims to provide a secure, user-friendly and compliant environment for people to trade digital assets. 

The rapidly growing demand of digital assets in the country has led to CoinDCX becoming one of the biggest crypto exchanges in the country, with over 13 million users and a daily trading volume of more than $100 million. 

With its extensive selection of supported cryptocurrencies, intuitive interface, robust security measures, and adherence to regulatory standards, CoinDCX serves both novice and seasoned traders. The platform also features a portal called DCX Learn, a blockchain and cryptocurrency academy designed to offer proper education to equip and empower young minds. In January 2021, CoinDCX launched the CoinDCX Go app, marketed as the simplest crypto investment app. 

CoinDCX provides a variety of trading pairs in INR, making it convenient for Indian users to trade cryptocurrencies without needing to convert their funds into foreign currencies. The platform supports a wide range of cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, and many others. In addition to that, it also offers numerous trading tools and features, including stop-loss orders, margin trading, and futures contracts, enabling users to engage in advanced trading strategies. 

CoinDCX has also secured various significant investments from prominent venture capital firms like Polychain Capital and Coinbase Ventures, which allowed the company to expand its services and enhance its infrastructure. The company has also established partnerships with leading blockchain and cryptocurrency companies which include OKx, Chainalysis, and BitGo, to further enhance its offerings. 

Initially, CoinDCX offered trading pairs in Bitcoin and Ethereum only. However, as the platform started to gain popularity, the founders expanded its offerings to include a wide range of cryptocurrencies and trading pairs in INR. This move helped to solidify the platform’s position as one of the leading cryptocurrency exchanges in India.

CoinDCX makes money through trading fees and other charges related to the buying, selling and trading of cryptocurrency. When users trade cryptocurrencies on the platform, CoinDCX charges a fee based on the trading volume, typically ranging from 0.1% to 0.3% of the transaction value. Other sources of revenue for the company are services such as deposits, withdrawals, margin trading and future contracts.  

In 2020, the platform reported a 47% increase in trading volumes month-on-month during the COVID-19 pandemic. The company’s daily trading volume exceeding $100 million indicates a growth in demand of cryptocurrencies in the country. After a funding of $135 million in 2022, CoinDCX doubled its valuation to $2.15 billion in eight months. 

CoinDCX has regularly developed new features and trading tools to address the evolving needs of its users. For instance, the platform has introduced margin trading, futures trading, and staking services, which helps the users to expand their exposure to cryptocurrencies and generate passive income.