Crypto trading exchange CoinDCX raised $135.9 million led by Pantera Capital and Steadview Capita where Pantera Capital and Steadview Capital, Kingsway Capital, DraperDragon, Republic, and Kindred Ventures with existing investors B Capital, Coinbase Ventures, Polychain Capital, and Cadenza Capital Management also participated.
CoinDCX facilitates the purchase and sale of cryptocurrency tokens. It also provides other cryptocurrency-based financial services, such as lending. The funds will be used to increase the trading exchange's headcount from 400 to over 1,000 by the end of next year. It intends to hire in a variety of areas, including engineering, product development, and compliance. CoinDCX now has 12 million registered users, up from 3.5 million in August of last year.