Archive · 23 Sep 2025
CoinDCX: From Small Town to India's Crypto Unicorn
Sumit Gupta, from a small village, started CoinDCX with Neeraj Khandelwal after seeing his friends struggle to use existing crypto platforms.
They launched CoinDCX in 2018, initially facing challenges due to RBI restrictions.
They pivoted to a crypto-to-crypto model and secured investment.
CoinDCX became India's first crypto unicorn in 2021.
The platform now has over 1 million users and expanded internationally.
CoinDCX aims to make crypto accessible and compliant for Indians.
CoinDCX was co-founded by Sumit Gupta and Neeraj Khandelwal.
The founders recognized the need for an Indian-focused crypto platform.
CoinDCX had to pivot its business model due to an RBI ban.
The company became India's first crypto unicorn in August 2021.
CoinDCX acquired BitOasis to expand into the MENA region.
- Who
- CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal.
- What
- CoinDCX, an Indian cryptocurrency exchange, became India's first crypto unicorn.
- When
- CoinDCX launched in March 2018 and became a unicorn in August 2021.
- Where
- CoinDCX was launched in Mumbai, India, and expanded into the MENA region.
- Why
- To create a user-friendly platform for Indians to participate in the crypto revolution.
- Co-founders
- Sumit Gupta and Neeraj Khandelwal
- Launched
- March 2018
- Became Unicorn
- August 2021
- Total Funding
- $247 million
- Annualized Revenue
- ₹1,179 crore
- H1 Spot Trading Volume (2024)
- ₹23,497 crore