Massive funding to coinDCX sends positive sentiments for crypto:
Indian crypto exchange CoinDCX raises 1000 cr. Of funding. It was D series of the funding and Pantera and Steadview was the leader for the event. CoinDCX official told that the recent funding will help to strengthen their position in crypto and web3 among the competitor. Having a leading exchange with world class web3 technology will reinforce crypto industry in India.
According to Sumit Gupta, Co-Founder, and CEO, of CoinDCX “The latest round by some of the largest institutional investors only reinforces the belief in India’s immense potential in the crypto ecosystem. With a shared vision of a digital-first economy, we see this round as a strong endorsement of the amazing work that CoinDCX has done for the ecosystem over the years and our plans for the future”.
However it is positive news for Indian crypto market after a long time. Hope things will be better for coming time.