CoinDCX

CoinDCX Co-Founder Says Global Investors are Betting on India’s Crypto Story

The crypto landscape in India is beginning to regain the pace it once had, after a long volatile phase of regulatory uncertainty. At the helm of this recovery is the first crypto unicorn of India, CoinDCX, one of the largest cryptocurrency exchanges in the country. CoinDCX was founded by Sumit Gupta and Neeraj Khandelwal. Gupta has become a key player in the crypto industry, navigating through regulatory cyber hacks and the bullish and bearish tides of the industry.

Market Resurgence

The global cryptocurrency market is witnessing renewed optimism. Bitcoin hitting all-time highs demonstrates this, while Ethereum continues to show signs of confidence. Gupta notes, “Yes, the sentiment around crypto has shifted. Bitcoin hitting new all-time highs has played a major role, and Ethereum’s continued resilience has fortified confidence in foundational protocols. The approval of spot Bitcoin and Ethereum ETFs in the US was a big milestone.”

Dealing with a $44 Million Security Breach

Last month, CoinDCX experienced a significant security issue when an internal liquidity-provisioning account was hacked, leading to the loss of $44 million. Gupta emphasized that customer assets were never harmed, as 95% of user funds are secured in cold wallets. Additionally, CoinDCX created a Crypto Investor Protection Fund (CIPF) to absorb unexpected losses and maintain user trust.

Future-Proofing and Security Strategy

Security remains a top priority for CoinDCX. Measures include external audits aligned with ISO 27001 and 27701, penetration tests, and system re-architecting to improve resilience against cyber attacks. Gupta stated, “Even the most resilient systems are being tested. We will continue to strengthen our security in line with global standards.”

Regulatory Evolution in India

India’s stance on cryptocurrency and Web3 has evolved considerably. Following the G20 Summit, the policy framework is more integrated, with protocols for anti-money laundering, KYC, promotional activities, and taxation. Gupta mentions that the Crypto Asset Reporting Framework will be effective in 2026, offering predictability and stability for startups.

Surviving the Downturn

The 2022-2023 downturn saw many Indian crypto startups shut down, but CoinDCX thrived due to strong product-market fit, regulatory foresight, and investor confidence. Gupta stated, “We have the backing of some of the world’s leading investors who believe in India’s crypto story. Our total funding stands at Rs 2,144 crore.”

Growth Trajectory: FY24 and FY25

CoinDCX has seen remarkable growth:

Annualized group revenue: ₹1,179 crores
Annualized transaction volume: ₹13.7 lakh crores
Assets under custody: over ₹10,000 crores
Spot trading volume H1 2025: ₹23,497 crores, 37% growth over H1 2024
Registered users: 2 crores, 30% growth YoY

These numbers reflect growing user trust and platform maturity.

International Expansion: Entering the MENA Region

In 2024, CoinDCX acquired BitOasis, entering the MENA region. The acquisition resulted in a 30% increase in trades, a 40% rise in volume, and a 50% jump in revenue, leveraging more advanced crypto regulations globally.

Investor Confidence and VC Funding

Investor confidence is returning to India’s crypto space, with funding directed toward startups with strong product-market fit and robust regulatory compliance. According to the Hashed Emergent India Web3 Landscape Report 2024, Indian Web3 startups raised $564 million in 2024, more than doubling the previous year.

The Road Ahead

CoinDCX’s focus areas include enhancing cybersecurity, maintaining regulatory compliance, educating users on crypto and risk management, and scaling operations in favorable international jurisdictions. Gupta emphasizes the commitment to a resilient, trusted, and globally competitive crypto platform.

Conclusion

CoinDCX exemplifies India’s evolving crypto ecosystem. Supported by global investors, strong compliance, and an increasing user base, it is poised to lead crypto trading in India and beyond. Gupta concludes, “Global investors believing in India’s crypto story are backing us. With strong fundamentals, clear compliance, and scalable infrastructure, we are not just weathering the storm—we’re leading the way.”

Stay updated with reliable news:
Sports: Sport Flash HQ
Business: Biz Rush
Weather: The Climate Post
Travel: Neon Report
US Local: 24 Hour Bulletin
India Finance: The Lucky Ledger
General: The Chrono Post