Indian crypto trading exchange CoinDCX says it has crossed the 10 million user mark.

Fast facts

  • CoinDCX had 3.5 million customers as of August last year. 
  • CoinDCX became India’s first crypto unicorn after its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital and others.
  • Established in 2018, the company’s milestone is a testament to the growing demand for digital assets in India. 
  • The surge in users comes after a long period of uncertainty over the legal status of cryptocurrencies in India. Recently announced plans would mean India crypto investors pay taxes at twice the rate of other assets, raising some objections over a 30% tax rate but alleviating concerns over a feared blanket ban.