CoinDCX joined the Unicorn Club on Aug 10, 2021 after crossing a $1 billion valuation milestone. Headquartered in Mumbai, Maharashtra, India, CoinDCX operates a cryptocurrency exchange and trading platform serving retail and professional traders.
The platform enables buying, selling, and trading of digital assets with integrated financial and analytics tools.
Keep reading to learn how CoinDCX scaled into one of India’s leading crypto trading platforms.
What Is CoinDCX and What Does It Do?
Founded in 2018, CoinDCX is a cryptocurrency exchange and trading service provider. The platform supports spot trading, margin trading, futures markets, and lending features for a wide range of digital assets.
CoinDCX offers fast KYC onboarding, fiat to crypto conversion, decentralized lending, staking products, and an educational portal. The platform includes proof of reserve audits, real time analytics, trade automation tools, risk management dashboards, and multi channel customer support.
How Much Funding Has CoinDCX Raised?
1. Series A Round – Tranche 1
- Amount Raised: $3 million
- Date: March 2020
- Lead Investors: 100x Ventures, Bain Capital Ventures, Polychain Capital
- Valuation: Not disclosed
- Purpose: Scale exchange features and improve security and liquidity
2. Series A Round – Tranche 2
- Amount Raised: $2.5 million
- Date: May 2020
- Lead Investors: Polychain Capital, Coinbase Ventures
- Valuation: Not disclosed
- Purpose: Expand operations, platform improvements, and onboarding support
3. Series B Round
- Amount Raised: $13.9 million
- Date: December 2020
- Lead Investors: Block.one, DG, Jump Capital, Uncorrelated Ventures, others
- Valuation: Not disclosed
- Purpose: Accelerate crypto adoption and product expansion
4. Series C Round
- Amount Raised: $90 million
- Date: August 2021
- Lead Investors: B Capital Group, Coinbase Ventures, Polychain Capital, Jump Capital, others
- Valuation: $1.1 billion
- Purpose: Expand market presence and join the unicorn club
5. Series D Round
- Amount Raised: $135 million
- Date: April 2022
- Lead Investors: Pantera Capital, Steadview Capital, Kingsway Capital, DraperDragon, Republic, others
- Valuation: $2.15 billion
- Purpose: Expand infrastructure, scale workforce, support Web3 growth initiatives
Total Funding Raised: Approximately $247 million Latest Funding Round: Coinbase investment extension Latest Funding Date: October 2025 Employee Count: 90 as of May 31, 2025
Key Investors
- Steadview
- Details: Investment firm focused on public and private market opportunities
- Focus Areas: Technology, consumer internet, fintech, and digital platforms
- Cognisa Capital
- Details: Investment firm backing growth stage technology companies
- Focus Areas: Financial services, digital assets, and emerging technology platforms
Where Is CoinDCX’s Headquarters?
CoinDCX is headquartered in Mumbai, Maharashtra, India, supporting its trading infrastructure, product development, compliance, and customer operations.
What’s Next for CoinDCX?
CoinDCX plans to expand its crypto trading and financial services ecosystem, enhance security and compliance frameworks, and introduce advanced trading and risk management tools. The company is focused on scaling institutional offerings, improving liquidity, and supporting broader digital asset adoption in India and global markets.
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