• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Market

Indian exchange turns into unicorn soon after $90 million funding round

195
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Mumbai-based mostly Cryptocurrency exchange CoinDCX has raised $90 million in a Series C funding round, turning into the 1st crypto organization in India to earn the unicorn title.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023
Indian Crypto Exchange Becomes Unicorn After $90 Million Funding Round
Indian Crypto Exchange Becomes Unicorn After $90 Million Funding Round

According to an announcement, the round was led by B Capital Group and noticed participation from returning traders which include Block.one particular, Coinbase Ventures, Polychain, and Jump Capital.

Following the investment round, CoinDCX reached a valuation of $one.one billion, putting the organization involving crypto giants like Binance and Ripple. CoinDCX CEO Sumit Gupta explained the organization will use the new money on organization initiatives and extra:

“We will join hands or partner with key fintech players to expand crypto investor base, establish Research & Development (R&D) base, strengthen policy exchanges through public speaking, work with the government to make regulations favorable, educate and strengthen recruitment initiatives. “

Since 2018, CoinDCX has managed participation for more than 3.5 million users, while the company intends to use the latest funding round to fast-track its rollout for up to 50 million users. all over the country.

Governments across the globe have begun experimenting with crypto and blockchain implementations to varying degrees.

The Indian government is still unclear on its stance on cryptocurrencies, and CoinDCX’s inclusion of CoinDCX on the unicorn list is not yet in the sights of regulators.

While India’s unpromising stance has local crypto businesses wary, an independent technology association, IndiaTech.org, has proposed a regulatory framework for dealing with assets and Cryptocurrency exchange.

The proposal recommended that Indian authorities “define cryptocurrencies as digital assets and not currencies and grant them recognition as digital assets such as gold, shares or securities that can be can be sold”. CoinDCX’s Gupta also expressed help for IndiaTech, stating:

“It helps bring a fresh perspective to the regulatory discussions that are taking place today. The recommendations, if accepted, will unlock huge potential for Indians to participate in this new global asset class.”

Indian Finance Minister Nirmala Sitharaman lately showed help for the crypto economic climate by saying that regulators want to make it possible for specified open rules for crypto use instances. death as a substitute of an outright ban.

[ad_2]

Tags: ExchangefundingIndianmillionunicorn
Share78Tweet49

Related Posts

Top 3 prominent AI cryptocurrencies in the week of January 4, 2025

by Kishu Inu
January 25, 2025
0

Hive AI (BUZZ), BOTIFY and Freya (FREYA) are the top AI coins this week. BUZZ is up 58% in the...

Top 3 cryptocurrencies AI stand out in January 4, 2025

by Kishu Inu
January 25, 2025
0

Hive AI (Buzz), Botify and Freya (Freya) are the top AI currencies this week. Buzz has increased by 58% in...

The crook attacks the former Brazilian TT account to promote the cryptocurrency

by Kishu Inu
January 24, 2025
0

The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As...

The crook attacks the former Brazilian TT account to promote cryptocurrencies

by Kishu Inu
January 24, 2025
0

The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As...

Solana price increased by 21%, surpassing Sony in market capitalization

by Kishu Inu
January 24, 2025
0

Solana price (SOL) has increased by 8% in the past 24 hours and 21% in the past week, with market...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • 31,000 BTC Options Expire Amid $105,000 Max Pain Point
  • Unstaked $1M Giveaway as XLM Eyes $0.15 and ONDO Targets $7.73
  • Nearly $1 Billion in Crypto Liquidations Amid Market Turmoil
  • Singapore Imposes Licensing for Crypto Firms, Tightens Regulations
  • Significant Outflows Hit Bitcoin Spot ETFs
  • Institutions Reduce Bitcoin ETF Holdings by 23% Amid Profit-Taking
  • BlockDAG Surges Past $287.5M as AVAX Cools and XLM Eyes Growth
  • Bitcoin Holders Trigger Key Support Defense Amid Gains
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7