CoinDCX is a crypto exchange and trading platform based in Singapore with the majority of its user base in India. CoinDCX claims to be India’s largest and safest cryptocurrency exchange. The platform seeks to develop financial services that are fast, simple, borderless with a constant flow of capital.
It was launched in April 2018 and has a daily trading volume of over $40 million USD. Their values consist of Trust, Simplicity, Innovation, and Empowerment. The platform has over 150 employees currently and was founded by Sumit Gupta and Neeraj Khandelwal.
CoinDCX envisions enabling the global financial inclusion of billions of people around the planet with crypto-based financial services. We aim to make decentralized financial services accessible to the common man on their palms and tips.
Sumit Gupta is one of the founders and the Chief Executive Officer (CEO) of CoinDCX currently. He has completed his Bachelor of Technology in Electrical and Electronics Engineering at the Indian Institute of Technology, located in Bombay (Mumbai).
He has also completed his Master of Technology in Communications and Signal Processing at IIT Mumbai. His previous work experience includes a Software Engineer Intern at L&T Info-tech and Sony in Tokyo, Japan. He has worked as a Data Research Analyst at Columbia Business School, a Software Engineer at Sony, Japan. He has co-founded two organizations:
- List Up: A platform for discovering prices of second-hand electronics.
- CoinDCX: A crypto exchange that serves as an aggregator for trading services.
He believes that educating people who belong to the non-crypto community will eventually attract them to crypto if the effort is paired with a variety of crypto services as well as products that are accessible to everyone, economically.
Neeraj Khandelwal is the Chief Technology Officer (CTO) and Co-founder of CoinDCX. He has attained his Bachelors of Technology in Electrical Engineering at the Indian Institute of Technology in Mumbai, India.
He firmly believes in blockchain technology and industry which can change and challenge regular human functions. His prior work experience includes the post of Vice President of Engineering at DoorMint which is an online home services company and at Holachef Hospitality Pvt. Ltd, an online food delivery company for on-demand fresh food.
These two founders of the platform quit their corporate jobs and began their crypto journey in the year 2018. But soon after the commencement of CoinDCX, the Reserve Bank of India (RBI) banned all the banks from processing payments regarding cryptocurrency and their investors backed out from the organization. However, three years later when RBI reversed their statement, the investors returned as crypto is a booming industry.
The platform has employed over 150 individuals for the roles of full-stack developers, blockchain developers, machine learning engineers, app developers, software engineers, data scientists, and more. It has a user base of more than 2 million crypto enthusiasts and traders and its daily turnover is 100 crores.
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The founders are childhood friends who have completed their education in the same institution and took cryptography classes together. They have lifted each other up throughout life, through words and businesses and look forward to revolutionizing crypto as the modern currency adopted by masses in the upcoming future.