CoinDCX
CoinDCX is an Indian cryptocurrency exchange platform founded in 2018, serving 22 million retail, HNI, institutional, and algorithmic traders with INR-based spot, futures, options, and custody products, generating ~$140M in revenue and valued at $2.45 billion following Coinbase's 2025 investment.
- Company typePrivate
- Founded2018
- HeadquartersMumbai, India
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What CoinDCX does
CoinDCX is an Indian cryptocurrency exchange platform founded in 2018 by Sumit Gupta and Neeraj Khandelwal (both IIT Bombay alumni) and operated through Neblio Technologies Pvt Ltd. Headquartered in Mumbai with a Singapore subsidiary (Primestack Pte. Ltd.), it serves approximately 22 million registered users (H1CY26) across retail, high-net-worth, institutional, and algorithmic-trader segments. The company has raised over $500 million from global investors and was valued at $2.45 billion post-money following Coinbase's October 2025 strategic investment.
The platform supports 500+ crypto assets across spot, futures (USDT-M and INR-M up to 100x leverage), options (zero brokerage up to 1M USDT notional), margin (6x leverage, 400+ markets), earn/yield, and INR-based fiat on/off-ramps. Product surfaces include the consumer-facing CoinDCX App, advanced CoinDCX Pro, CoinDCX Prime for HNIs/family offices ($50K+ portfolios), an OTC desk ($15K+ ticket size), and an API for algorithmic traders (993+ users, 9K Cr+ monthly volume). The ecosystem extends into Okto (DeFi wallet), CoinDCX Ventures (15+ Web3 portfolio companies), Unfold (Web3 community/event), DCX Learn (education), and Bharat Custody (institutional custody launched 2025). Notable proprietary technology includes a patented cognitive-intelligence wallet key management system (granted 2026) and INR-margin futures unique to the Indian market.
Revenue is generated primarily through transaction fees via a maker-taker VIP-tier model (spot 0.03-0.17%, futures 0.007-0.05%), supplemented by OTC commissions (0.1%), affiliate revenue share (30%/20%), and institutional Prime services. Disclosed revenue reached ₹1,179 crore (~$140M USD) as of July 2025, with assets under custody exceeding ₹10,000 crore and quarterly trading volume of ₹2.44 Lakh Crore in Q4 FY24-25. The platform is FIU-IND registered, ISO/IEC 27001:2022 and ISO/IEC 27701:2019 certified, and conducts Proof of Reserves audits. Notable risks include a $44 million security breach in July 2025, a 37% YoY decline in H1CY26 trading value, and recent senior leadership churn.
CoinDCX firmographics
Firmographics- Name
- CoinDCX
- Legal name
- Neblio Technologies Pvt Ltd
- Website
- https://coindcx.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- CoinDCX is an Indian cryptocurrency exchange platform founded in 2018, serving 22 million retail, HNI, institutional, and algorithmic traders with INR-based spot, futures, options, and custody products, generating ~$140M in revenue and valued at $2.45 billion following Coinbase's 2025 investment.
- Ownership category
- akta.pro rank
CoinDCX industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)
- akta.pro secondary industries
- Centralized Crypto Lending Platforms (CeFi) (FSADAFAA), Crypto Borrowing & Margin Credit Facilities (FSADAFAC)
Keywords
Where CoinDCX is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
CoinDCX business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- Trading Fees (Spot): Maker-taker fee model based on VIP tier levels. Fees range from 0.03% to 0.17% for spot trading (INR pairs), calculated weekly based on 30-day trading volume. Lower tiers start at 0.17% for both maker and taker, with VIP 7 at 0.03% for makers.
- Futures Trading Fees: USDT-M futures with maker fees from 0.007% to 0.02% and taker fees from 0.030% to 0.048% based on VIP level. INR-M futures charged at 0.02% maker and 0.05% taker uniformly. Funding rate payments exchanged between long/short positions.
- Options Trading: 0% maker and taker fees on options via daily fee refunds, valid till 1M USDT notional volume. Delivery fees of 0.0127% for BTC/ETH and 0.0169% for SOL. Liquidation fees of 0.1695%.
- OTC Desk: Over-the-counter trading service for large trades ($15,000+ minimum). 0.1% trading fee on both buying and selling. TDS of 1% applicable on sell orders. Uses specialized swap for BTC/INR and ETH/INR deals.
- Affiliate Revenue Share: Earn 30% commission on Buy/Sell trades and 20% on Futures trades made by referred users. Daily payout structure.
- Prime/HNI Services: Premium services for institutional investors and HNIs including dedicated account managers, OTC execution, tax and legal solutions. Zero custody fees with transparent pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Regular 1 - Entry level for new users |
| Transaction based/ take rate | Pay-as-you-go | VIP 1 - 30-day volume INR 5L-75L or Futures $2M-5M |
| Transaction based/ take rate | Pay-as-you-go | VIP 7 - Top tier for high-volume traders (500Cr+ INR or 1000M+ USD) |
| Transaction based/ take rate | Pay-as-you-go | Options Trading - Flat fee structure |
| Transaction based/ take rate | Pay-as-you-go | OTC Desk - Large trades minimum $15,000 |
| Transaction based/ take rate | Pay-as-you-go | Affiliate Commission Structure |
Go-to-market motion4 records
Distribution channels9 records
Marketing channels11 records
CoinDCX product offering
Product offeringCore offering
CoinDCX is a cryptocurrency exchange platform that operates INR-based trading infrastructure supporting spot, futures, options, margin trading, and Earn products across 500+ crypto assets. The platform serves retail investors, high-net-worth individuals, family offices, and institutional clients through a consumer-facing mobile app, an advanced web platform (CoinDCX Pro), algorithmic trading APIs, an OTC desk, and a dedicated Prime institutional service.
Product overview
CoinDCX is a comprehensive cryptocurrency exchange platform operating as a multi-module ecosystem with distinct products serving different user segments. The core offerings include the CoinDCX App for beginner investors and CoinDCX Pro for advanced traders, supported by derivatives products (Crypto Futures with up to 100x leverage, Crypto Options with ₹0 brokerage), US Stock Futures for global market access, and Margin Trading with 6x leverage. The platform extends into institutional services through CoinDCX Prime (HNI/institutional investing) and an OTC Desk for large trades. Additional modules include Earn (passive income), Markets (real-time prices), Insta (fiat on/off-ramp), Convert (quick swaps), VIP (premium tier), and API (algorithmic trading B2B solution). The ecosystem is enhanced by Okto (Web3 wallet), DCX Learn (education), CoinDCX Ventures (VC arm), Affiliate Program, and Business Partner program. CoinDCX supports 500+ crypto assets with INR-based trading and operates 24/7.
Differentiator
Problem solved
Functional benefit
Brands
- CoinDCX Pro: Advanced trading platform for professional crypto traders with full order book access and advanced charting tools.
- CoinDCX Prime
- CoinDCX Ventures
- DCX Learn
- Okto
Products and services
- CoinDCX App Mobile application designed for beginner crypto investors, offering easy onboarding, user-friendly interface, and access to 500+ cryptocurrencies for buying, selling, and trading in INR. Includes DCX Learn integration and 24/7 trading access via UPI, IMPS, RTGS, and NEFT.
- CoinDCX Pro Advanced web-based trading platform with professional charting tools, full order book access, and sophisticated order types for experienced traders requiring deeper market analysis and advanced trading capabilities.
- Crypto Futures Perpetual and quarterly futures contracts with INR margin and USDT margin options, offering up to 100x leverage on BTC/ETH and 50x on 300+ trading pairs, with low brokerage and 24/7 trading.
- Crypto Options Crypto options trading platform offering zero brokerage up to 1M USDT notional volume, with daily, weekly, and monthly expiries for BTC, ETH, and SOL, INR-based trading, and instant settlement on expiry.
- US Stock Futures Trade US stock futures (Tesla, Apple, Alphabet, and others) from India with leverage up to 25x, starting at ₹100, using INR-based trading without international bank transfers or USD conversion.
- Margin Trading Margin trading product offering 6x leverage across 400+ markets, enabling users to amplify positions and potential returns using borrowed funds on spot and derivatives pairs.
- Earn Passive crypto earnings product allowing users to generate returns on their holdings through staking and various yield-generating strategies within the CoinDCX platform.
- CoinDCX API B2B API service providing access to CoinDCX's liquidity for algorithmic and high-frequency trading, supporting both Coins (1000+ markets) and Futures (300+ markets) with 99% uptime, dedicated infrastructure for HFT traders, IP whitelisting, and maker/taker fee tiers based on 30-day volume.
- CoinDCX Prime Specialized service for institutional investors, family offices, and high-net-worth individuals providing tailored crypto investing solutions, OTC trading, dedicated account managers, market reports, tax and legal advisory, and VIP services for portfolios starting around $50,000.
- OTC Desk Over-the-counter trading desk for large crypto orders worth $15,000 or more, offering better prices than exchanges, locked prices, 1-on-1 broker service, and a 0.1% trading fee on both buying and selling (with 1% TDS on sell orders).
- Insta Fiat on-ramp and off-ramp product for instant buying and selling of cryptocurrencies using INR with quick settlement, designed for users who want immediate execution without advanced trading interfaces.
- Convert Quick cryptocurrency conversion tool for instant swapping between crypto assets without requiring order book interaction, enabling simple peer-to-asset exchanges.
- Okto (Web3 Wallet) DeFi Web3 wallet integrated into the CoinDCX ecosystem, providing users with access to decentralized finance applications, dApp connectivity, and Web3 opportunities directly through the CoinDCX platform.
- New Coin Listing Listing service for developers and crypto projects to list new cryptocurrencies on the CoinDCX platform, providing a structured criteria-based evaluation process for token issuers seeking access to CoinDCX's 22+ million registered users.
- Bharat Custody Secure institutional custody solution for institutional crypto clients in India, providing regulated digital asset custody services as a standalone offering beyond the core exchange.
Quantifiable outcome
- 22 million registered users as of H1CY26, representing 15.8% growth year-over-year
- +3 more outcomes
Companies that use CoinDCX
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
CoinDCX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature4 records
CoinDCX partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- OktocoreDeFi Web3 Wallet integration powering Web3 access within CoinDCX platform. Enables users to access decentralized finance opportunities.
- BitoasisminorPartner exchange in UAE for regional expansion beyond Indian market.
- UnfoldminorCommunity event partner for Unfold Web3 - India's largest Web3 event organized/hosted by CoinDCX.
- SpheronminorCoinDCX Ventures portfolio company. Distributed computing and storage infrastructure for web3 developers.
- SyndrminorCoinDCX Ventures portfolio company. Efficient protocol enabling synthetic assets with lower collateralization ratios.
- LiminalminorCoinDCX Ventures portfolio company. Wallet-as-a-service and custody solution for institutions in APAC/MENA region.
- Push ProtocolminorCoinDCX Ventures portfolio company. Decentralized notification protocol enabling dApps to communicate with users.
- Router ProtocolminorCoinDCX Ventures portfolio company. Cross-chain solutions unifying liquidity and enabling cross-chain communication.
- MetaEngineminorCoinDCX Ventures portfolio company. Web3 gaming engine enabling AAA quality multiplayer games in web3.
- Space and TimeminorCoinDCX Ventures portfolio company. Web3-native decentralized data warehouse for low-latency queries and tamper-proof analytics.
- Orderly NetworkminorCoinDCX Ventures portfolio company. Permissionless decentralized orderbook exchange building on NEAR.
- VeridiseminorCoinDCX Ventures portfolio company. Full-stack blockchain security with formal verification technology.
Scale indicators12 records
Recent moves8 records
Expansion highlights7 records
CoinDCX competitors and assessment
Company assessmentDirect peers
- WazirX: India's other leading retail crypto exchange offering INR-based spot, P2P and token trading. Directly comparable as a domestic INR-native CEX competing for the same retail and HNI user base as CoinDCX.
- ZebPay: One of India's longest-standing cryptocurrency exchanges with INR trading pairs, spot and lending products. Directly comparable as a regulated Indian CEX competing for retail crypto users.
- Bitbns: Indian cryptocurrency exchange offering spot, futures, and INR on-ramp. Directly comparable as a domestic competitor in India's retail and pro trading segments.
Broad incumbents
- Coinbase: Largest U.S.-listed crypto exchange; now also a strategic investor in CoinDCX. Overlapping in spot, futures, custody, and OTC services globally; broader product breadth and U.S. regulatory standing.
- Binance: Global crypto exchange with spot, futures, options, margin and Earn products. Comparable as a global CEX competing for Indian user flow via web; broader scale but limited INR-native infrastructure.
- KuCoin: Global crypto exchange offering spot, futures, margin, staking and lending. Comparable as a broad incumbent targeting Indian retail users with deep altcoin liquidity.
- OKX: Global crypto exchange with spot, derivatives, options and a Web3 wallet. Comparable in product scope, particularly on derivatives and self-custody wallet — overlapping with CoinDCX Pro and Okto.
- Bybit: Global derivatives-focused crypto exchange. Comparable on futures and options product set, which is a key differentiator for CoinDCX's INR-margin futures and options offerings.
Emerging players
- Mudrex: India-focused crypto investment platform with automated portfolio strategies and INR on-ramp. Comparable as an emerging Indian player in the same retail crypto investing category with adjacent product focus.
Others
- Liminal: Institutional digital asset custody and wallet infrastructure provider for APAC/MENA. Comparable as a CoinDCX Ventures portfolio company and as a complementary/competitive custody layer for institutional clients served by CoinDCX Prime.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
CoinDCX social profiles
Digital presenceCoinDCX compliance and trust
Trust signalCompliance7 records
CoinDCX financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoinDCX leadership team
Management profileNumber of profiles
Profiles6 records
CoinDCX subsidiaries and ownership
Company hierarchySubsidiaries3 records
CoinDCX funding detail
Funding detailFunding overview
Funding rounds9 records
Investors24 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoinDCX M&A and investment
M&A and investmentM&A1 record
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoinDCX
What does CoinDCX do?
CoinDCX is a cryptocurrency exchange platform that operates INR-based trading infrastructure supporting spot, futures, options, margin trading, and Earn products across 500+ crypto assets. The platform serves retail investors, high-net-worth individuals, family offices, and institutional clients through a consumer-facing mobile app, an advanced web platform (CoinDCX Pro), algorithmic trading APIs, an OTC desk, and a dedicated Prime institutional service.
Is CoinDCX a public or private company?
CoinDCX is a private company. It is classified as venture growth investor backed and is currently operating.
When was CoinDCX founded?
CoinDCX was founded in 2018. It employs 251 to 500 people.
Where is CoinDCX based?
CoinDCX is headquartered in Mumbai, India, in the Asia region.
How does CoinDCX make money?
Six revenue lines are on record. Trading Fees (Spot) is the primary driver. The others are futures Trading Fees, options Trading, OTC Desk, affiliate Revenue Share and prime/HNI Services.
Who are CoinDCX's main competitors?
Direct peers on record are WazirX, ZebPay and Bitbns. Broad incumbents are Coinbase, Binance, KuCoin, OKX and Bybit. Mudrex is listed as an emerging player. Liminal is listed as an others.
Does CoinDCX have an API?
Yes. CoinDCX offers a comprehensive crypto API trading platform supporting both Coins and Futures markets. The API enables algorithmic trading with highly liquid, low-latency execution. Features include 99% uptime, deep liquidity, dedicated crypto trading API infrastructure for HFT traders, maker/taker fee tiers based on 30-day trading volume, IP whitelisting for security, and integration with third-party platforms like Tradetron Marketplace and NextTrade. Available for Indian algorithmic traders and institutions via [email protected]. Developer documentation is at docs.coindcx.com.
What industry is CoinDCX in?
CoinDCX's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAAAG, Crypto Custody & Exchange Wallet Services (Integrated), with a secondary code of FSADAFAA, Centralized Crypto Lending Platforms (CeFi). Its NAICS code is 52321 and its SIC code is 6200.