Indian Crypto Exchange CoinDCX Surpasses $1B Valuation
CoinDCX, an India-based cryptocurrency trading platform, has just completed a $90 million funding round that has resulted in the company’s valuation surpassing $1.1 billion, The Block has reported.
Following the exchange’s latest Series C funding round, CoinDCX has just become a unicorn – a company whose valuation is over $1 billion.
Notably, this is the first Indian exchange to achieve this milestone.
The funding round, which was led by B Capital, founded by Facebook co-founder Eduardo Saverin, also saw participation from Coinbase Ventures, Polychain Capital, Block.one, Jump Capital and others.
The exchange, which currently has 4 million users, raised another $13.9 million in a Series B funding round back in February this year. The platform’s goal is to reach 50 million users in the future.
