Indian Crypto Exchange CoinDCX Surpasses $1B Valuation

Reading Time: < 1 minute

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,, 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.

Follow and like us on