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Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment

Summary: CoinDCX, India's largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase.In an announcement from CoinDCX on May 25, the exchange said it would use the funds to encourage the mass adoption of cryptocurrency in India through its "TryCrypto" campaign. ...

CoinDCX, India's largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase.
In an announcement from CoinDCX on May 25, the exchange said it would use the funds to encourage the mass adoption of cryptocurrency in India through its "TryCrypto" campaign. CoinDCX stated its goal was to have 50 million crypto users in the country. One of TryCrypto's initiatives will be a cryptocurrency and blockchain educational program aimed toward new traders.

Tracy Chen

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