Mumbai-based cryptocurrency exchange aggregator CoinDCX has closed its Series A round with $3 Mn in funding, led by Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX, with participation from other venture capitalists.
The funds will be used for its next phase of development including product enhancements, service enhancements, research and development, marketing activities, and human resource growth.
The exchange also has plans to develop a fiat onboarding solution in partnership with major crypto projects, algorithm-based trading, as well as a crypto-to-crypto trading product in the pipeline for 2020.
However, RBI is said to be planning to file a review petition in SC to curb cryptocurrency transactions in India.
The central bank believes that allowing cryptocurrency transactions will put the banking system at risk. | To read full story, visit https://startuparound.com/read/1585018805.0448258/Crypto-Exchange-CoinDCX-Raises-$3-Mn-For-Product-And-Service-Growth?ref=audio_experience