You must have come across CoinDCX if you’ve ever wandered around the crypto land. CoinDCX is an Indian cryptocurrency exchange platform that helps users to buy, sell, trade, exchange, or stake Crypto. It is one of India’s largest and safest cryptocurrency exchanges. The Singapore-based company founded by Sumit Gupta and Neeraj Khandelwal majorly serve the Indian market. It was launched on April 8th, 2018, and has been successful since then. Let’s have a look at the people behind the success of this popular platform.
The Founders of CoinDCX
Sumit Gupta and Neeraj Khandelwal are the hands behind creating the platform. Both of them are childhood friends and come from small towns. Their love for computers and passion for starting their own business got them into the crypto market. After completing their post-graduation from IIT-BOMBAY together, Sumit traveled to China for his job and Khandelwal stayed in India.
It was only after they both reunited when the CoinDCX idea popped up and they started working on it. Sumit is a software engineer turned entrepreneur who is the co-founder of CoinDCX as well as ListUp. Neeraj is an electrical Engineer who heads all the technical development at CoinDCX now.
History of CoinDCX
- April 2018: Launch the platform CoinDCX
- March 2019: raised funding
- January 2020: Awarded as impactful emerging start-up
- March 2020: closed its series A funding round ($3 million)
- May 2020: series B funding ($2.5 million)
- May 2021: 1 million app downloads
CoinDCX has raised ₹100 crores ($13.9 billion) in Series B funding.
The Co-Founder’s contribution
Sumit Gupta is the CEO of CoinDCX and a strong advocate for Cryptocurrency and finance as a tool for independence. He believes technology can do great things for humans and humanity, and therefore he has been supporting the cause for a long time. Sumit has also built India’s first location-based online marketplace which was a big hit. The co-founders were not limited to only creating a website that helps people to trade crypto, he also believes that in order to attract customers towards crypto, they need to be educated about it. His Twitter handle generally gives out news and important information regarding the Crypto market. CoinDCX has thus launched DCX Learn to create awareness and teach people about cryptocurrency and everything revolving around it.
Neeraj Khandelwal, who is the co-founder and CTO of CoinDCX. He is an engineer who manages and runs the entire technology-based working behind the smooth running platform. He firmly believes that Blockchain can change the way we live life and it is soon going to be the next best thing. It is under his guidance that DCX has been able to constantly update itself and grow in the Market.
Both the founders are dedicated along with their team to make CoinDCX a global leading platform. They are regularly interacting with people and inspiring them to #TryCrypto. In an interview with Humans of Bombay, Sumit recalled how they started CoinDCX in Khandelwal’s flat in Mumbai and now after 3 years, it is being used worldwide. Sumit Gupta was awarded the Best CEO in 2020
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After 3 years of constant hard work and immense efforts, CoinDCX has a daily turnover of 100 crores. They’ve hired more than 150 people and continue to grow every passing hour. CoinDCX is one of the leading crypto exchange platforms in India and these two have made it possible.