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CoinDCX in talks to raise $100-120 Mn

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Cryptocurrency exchange platform CoinDCX is in discussions to close a new financing round of $100-120 Mn from investors led by Facebook cofounder Eduardo Saverin’s B Capital Group, three people in the know of the matter said.

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CoinDCX helps people buy and sell crypto tokens. It also offers other crypto-based financial products such as lending. The company had 1.5 Mn registered users last month, after the user base grew 700% since March 2020, CoinDCX had told ET.CoinDCX, which has been on an aggressive advertising campaign on social media and television, is looking to use the capital to double down on customer acquisition.

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