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06 August 2021

Indian Crypto Exchange CoinDCX Raises $2.5M From Polychain Capital, Coinbase Ventures - CoinDesk

Indian Crypto Exchange CoinDCX Raises $2.5M From Polychain Capital, Coinbase Ventures - CoinDesk


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India’s largest cryptocurrency exchange, CoinDCX, has secured a $2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures.

Polychain’s investment is in addition to its participation in a $3 million Series A funding round for the Mumbai-based exchange, which occurred in late March, weeks after a banking ban for cryptocurrency businesses was overturned by the country’s Supreme Court.

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