CoinDCX, which is a Mumbai-based Indian exchange, has announced an Rs.111 crore ($12.24 million) Employee Stock Ownership Plan buyback, which benefits more than 500 current and former employees to convert part of their company shares into cash. Sumit Gupta, co-founder of CoinDCX, has made an announcement on LinkedIn about the
Sumit Gupta, the CEO of CoinDCX, has outlined three key changes that could possibly help India reset its crypto policy. These range from taxation to offsetting, with the fundamental objective of fueling the adoption of tokens and expansion of the crypto market. Meanwhile, the crypto segment worldwide remains volatile due
The management of CoinDCX has vehemently rejected the rumours of a possible acquisition by the American cryptocurrency giant Coinbase. CEO Sumit Gupta denied publicly that the Indian exchange was in talks of a $900 million acquisition deal. The rumours came after a major security breach, which resulted in the platform
India Should Act on Crypto Regulations Donald Trump is expected to announce new crypto rules soon. Sumit Gupta, CEO of CoinDCX, believes India must act quickly too. He warns that delays could cause India to lose innovation, talent, and value from crypto transactions. Gupta said high taxes and unclear policies
Mudrex Halts Crypto Withdrawals Amid System Improvements Mudrex, an Indian cryptocurrency exchange, recently stopped crypto withdrawals, which left many users confused and frustrated. The company announced on January 11 that the suspension would last until January 28. The reason for the pause is to improve the platform’s systems to prevent
The WazirX hack of around $230 million has marked one of the biggest crypto losses in 2024. After several months of controversy, the WazirX team has finally announced its recovery plan recently and is planning to distribute funds to the creditors. Meanwhile, other Indian crypto exchanges such as CoinDCX and
CoinDCX, one of India’s largest cryptocurrency exchanges, has expressed solidarity with the victims of the WazirX hack. Which resulted in a Rs 2000 crore loss. Co-founders Sumit Gupta and Neeraj Khandelwal have shown interest in stepping in to help recover funds. For the affected users but are currently limited by
BitOasis, a prominent virtual assets platform in the Middle East and North Africa (MENA), has secured a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The operational license journey began with a provisional permit granted in 2022, after VARA’s establishment. This allowed BitOasis to
CoinDCX, India’s largest Crypto exchange, is excited to announce the third edition of “Unfold”, India’s largest Web3 event. Unfold continues its mission to empower developers, entrepreneurs, regulators, and enthusiasts to shape the future of decentralized applications and blockchain solutions. This year’s event will host India’s most extensive Web3 conference, Asia’s
CoinDCX, the biggest cryptocurrency exchange in India, has expanded into the Middle Eastern and North African market by acquiring BitOasis, a cryptocurrency exchange based in Dubai. The cryptocurrency exchange has taken the first move toward its goal of expanding internationally with this. In August of last year, CoinDCX strategically invested
