The funding will help CoinDCX expand its product offerings and team size. Here are the top-line bullets you need to know.
CoinDCX, a crypto trading and exchange platform, has raised $135M in Series D funding. The round drew participation from Pantera Capital, Steadview Capital, B Capital Group, and Coinbase Ventures, among others.
How’s the company performing?
- India-based CoinDCX provides cryptocurrency trading services to more than 10M users.
- It recently partnered with Coinfirm and Solidus Labs to enhance its anti-money laundering protection and compliance with FATF recommendations.
- The company has a team of 400 employees.
Source: CoinDCX
Why does the market matter?
- A quarter of all blockchain funding in 2021 went to crypto exchanges and brokerages. The category’s total — $6.4B — represents a 1,180% increase in funding from 2020.
- Consumer and institutional demand for crypto is driving market growth.
Want to see more research? Join a demo of the CB Insights platform.
If you’re already a customer, log in here.
