Polychain Capital and Coinbase Ventures Invest $2.5 million in CoinDCX

CoinDCX, which is the largest crypto exchange of India raised $2.5 million from investors.

As the exchange has reported, Polychain Capital & Coinbase Ventures have invested $2.5 million in CoinDCX. A stated, the investing funds are planned to be used to support widespread adoption of crypto across the country with the usage of its “TryCrypto” campaign.

BIG NEWS:

CoinDCX has secured a US$2.5 million strategic investment. The funding was led by @polychaincap along with Coinbase Ventures. The investment will further strengthen our #TryCrypto initiative.

Read the full details @TheBlock__ – https://t.co/9u7c9BJqCR@coinbase

— CoinDCX: India’s Largest Cryptocurrency Exchange (@CoinDCX) May 26, 2020

As the crypto exchange told, it is intended to have 50 million crypto users throughout India. Among the TryCrypto project is set the educational program regarding crypto assets and blockchain for traders who are new in this industry.

Co-founder & CEO of CoinDCX, Sumit Gupta mentioned that cryptocurrencies & blockchain technology are getting more and more attention and popularity in India, including international corporations such as Coinbase & Polychain.

 

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