CoinDCX, an India-based crypto exchange company, announced today the closing of a $3 million Series A funding led by Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX.
This news follows the May 2019 announcement of a healthy seed funding round.
The exchange can now benefit from being able to manage banking accounts in India with bank transfers. The firm’s CEO had been resolute in petitioning against the past bank ban for crypto companies in India.
Last month, CoinDCX expanded its offering by bringing aboard futures with up to 15x leverage.
“We have chosen to partner with CoinDCX; to build out a superior trading product that is fit for the region and to support its movement to promote cryptocurrencies in one of the largest markets in the world…”
– Olaf Carlson-Wee, Founder of Polychain Capital