# CoinDCX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coindcx

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.coindcx.com/
- Total disclosed funding: $246M
- Latest round: Series D (Apr 19, 2022)
- Investors on record: 18

## About

Founded in 2018 and based in Mumbai, India, CoinDCX is a prominent Indian cryptocurrency exchange, facilitating a wide range of digital asset trading. It offers innovative solutions to enhance user engagement and promote crypto adoption in the region. CoinDCX operates as a cryptocurrency exchange enabling users to trade various digital assets. The company provides a comprehensive trading platform that includes features for buying, selling, and trading a variety of cryptocurrencies. CoinDCX's offerings cater to both retail and institutional investors, aiming to simplify access to digital currencies and enhance trading efficiency. Its platform supports a diverse range of cryptocurrencies, allowing users to engage in cryptocurrency trading while providing educational resources to promote informed trading practices. CoinDCX generates revenue through transaction fees on trades executed on its platform. The company utilizes a model that charges users a percentage of each trade, facilitating its operational costs while providing continuous platform improvements and customer support. The revenue structure is designed to accommodate various user segments, ensuring accessible trading options for both novice and experienced traders.

## Funding rounds

- Series D, Apr 19, 2022, $136M — Steadview Capital Management, Pantera Capital, Kindred Capital, B Capital, Polychain Capital, Coinbase Ventures, Kingsway Capital, Republic Capital, Draper Dragon Fund, Cadenza Capital Management
- Series C, Jul 13, 2021, $90M — Jump Capital, B Capital, Polychain Capital, Coinbase Ventures, Block.one
- Series B, Oct 4, 2020, $15M — Coinbase Global, Inc., Jump Capital, Polychain Capital, Distributed Global Ventures, Mehta Ventures, Block.one, Uncorrelated Ventures, Cadenza Capital Management
- Series A, May 25, 2020, $2.5M — Polychain Capital, Coinbase Ventures
- Series A, Jul 22, 2019, $2.8M — Bain Capital, Polychain Capital, Bitmex Ventures, Cadenza Capital Management

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series A, Series B, Series C, Series D
- Bitmex Ventures (https://capitalatlas.ai/funds/bitmex-ventures) — Series A
- Cadenza Capital Management (https://capitalatlas.ai/funds/cadenza-capital-management) — Series A, Series B, Series D
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A, Series C, Series D
- Coinbase Global, Inc. — Series B
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series B, Series C
- Distributed Global Ventures (https://capitalatlas.ai/funds/distributed-global-ventures) — Series B
- Mehta Ventures — Series B
- Block.one (https://capitalatlas.ai/funds/block-one) — Series B, Series C
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Series B
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series C, Series D
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series D
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series D
- Kindred Capital (https://capitalatlas.ai/funds/kindred-capital) — Series D
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Series D
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Series D
- Draper Dragon Fund — Series D