Indian Cryptocurrency platform CoinDCX has raised $3 million in Series A funding.
This funding round was led by Bain Capital Ventures, Polychain Capital, and HDR Group – operator of BitMEX(a cryptocurrency exchange), along with other venture capitalists.
And to promote the adoption of crypto in India, CoinDCX, last week, announced the launch of a campaign, ‘TryCrypto‘.
Under this campaign, a sum of $1.3 million will be used to bring the total number of Indian crypto users to 50 million.
Talking about this funding round, Sumit Gupta, CEO and Co-founder of CoinDCX, said,
“As the country’s largest exchange, we are in a position to drive national crypto adoption forward responsibly….With a slew of exciting projects in the pipeline, the closure of our Series A is the first step in a new chapter in the CoinDCX story as we continue to drive the mass adoption of crypto assets in India.”