- CoinDCX emerges as Indian investors’ first choice amid rising concerns about non-compliant offshore exchanges.
- CoinDCX’s hassle-free and seamless process of enabling users to deposit crypto assets from other platforms to CoinDCX, has significantly facilitated the migration process for investors.
Bangalore, January 5, 2024 – CoinDCX, India’s leading and most valued crypto exchange, proudly announces a staggering 2000% surge in crypto deposits since December 28 on its platform. This significant uptick is attributed to escalating apprehensions among users regarding non-compliant offshore exchanges, intensified by the recent issuance of compliance Show Cause Notices by the Financial Intelligence Unit India (FIU IND).
Recognizing the critical need for a safe and compliant platform, users on offshore exchanges are increasingly migrating their assets to CoinDCX. The platform’s commitment to user safety and regulatory compliance, evident in its status as the first FIU registered entity and ISO 27001:2022 certified exchange in India, is proving to be India’s first choice for investors to park their funds safely. Over 1.4 crore Indian users trust CoinDCX for their crypto investments.
“Our primary focus is always on prioritizing investor protection, and that remains unchanged,” stated Sumit Gupta, Co-Founder of CoinDCX. “We continue to stand by Indian investors, providing the best possible support in the current scenario. We have streamlined the process of crypto deposits, ensuring a seamless transfer experience from other platforms. Additionally, we are introducing incentives and delivering support to users who want to migrate their assets to CoinDCX..”
CoinDCX has consistently advocated for compliant platforms that adhere to the regulatory framework and laws of the land. The platform encourages all investors to prioritize compliance-first platforms for a safer and more sustainable crypto journey.
In light of recent developments, CoinDCX reiterates its commitment to providing a secure and compliant investment environment for its users. With its unparalleled user safety measures, unwavering adherence to regulations, and dedicated support system, CoinDCX stands as the preferred choice for investors seeking a safe and future-proof crypto exchange in India.
About CoinDCX
Established in 2018, CoinDCX is the preferred crypto exchange in India, trusted by over 1.4 crore registered users. Our mission is simple: to provide easy access to Web3 experiences and democratize investments in virtual digital assets.
We prioritize user safety and security, strictly adhering to KYC and AML guidelines. In our commitment to quality, we employ a stringent 7M Framework for the listing of crypto projects, ensuring users access only the safest digital assets.
CoinDCX has partnered with Okto for India to launch a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets.
Through CoinDCX Ventures, we have invested in over 15 innovative Web3 projects, reinforcing our dedication to the Web3 ecosystem. Our flagship educational initiative, #NamasteWeb3 empowers Indians with crypto knowledge, preparing them for the future of virtual digital assets. CoinDCX’s vision and potential have gained the confidence of global investors, including Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred and Coinbase Ventures.
At CoinDCX, we are leading India towards the decentralized future of Web3 with an unwavering commitment to safety, simplicity, and education.
For more information, please contact
Sharjil Shaikh, Director – Media relations
9920231055
