CoinDCX logo with a cybersecurity theme

Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, 
CoinDCX was born out of a bold vision—to make cryptocurrency accessible, 
secure, and compliant for every Indian, regardless of background or tech fluency

CoinDCX logo with a cybersecurity themeCoinDCX logo with a cybersecurity theme

CoinDCX: Considered a top exchange for both beginners and experienced users due to its features like staking and lending, low fees starting from 0.04%, and robust security protocols including BitGo-insured wallets and two-factor authentication (2FA). CoinDCX supports over 100 cryptocurrencies and provides INR deposit and withdrawal services.

 

CoinDCX financial overview

Headquarters: CoinDCX is headquartered in Mumbai, India, at Andheri Kurla Road, Near Metal Estate, Andheri street, Marol Naka B Tower, 4th Floor, Unit Number 2, Times Square, Mumbai, 400059. They also have other offices in Bangalore (India), Singapore, New York (USA), London (UK), and Dubai (UAE).

 

Recent financial performance (FY24):

  • Revenue: ₹394.2 Cr, a 14% decrease compared to the previous fiscal year.
  • Expenses: ₹370.1 Cr, a 14% decrease compared to the previous fiscal year.
  • Profit After Tax: ₹15.5 Cr, a 46% decrease compared to the previous fiscal year.
  • Total Assets: ₹4,883.8 Cr, a 931% increase compared to the previous fiscal year.
  • Net Profit Margin: 0.0%, a 37% decrease compared to the previous fiscal year.
  • Proof of Reserves (May 2024): CoinDCX released its proof of reserves in May 2024, showing total holdings valued at ₹3,507 crore ($420.92 million), a 2.6X increase from November 2023.
  • Liquidity: According to a blog post from November 2022, CoinDCX claims to have a "fairly strong cash-rich balance sheet". They also stated that funding rounds provide sufficient capital to sustain operations for at least 4-5 years, even with zero revenue.
  • Current Assets (FY24): ₹4,879.4 Cr. 
CoinDCX logo with a cybersecurity themeCoinDCX logo with a cybersecurity theme

Security incident (July 2025)

  • CoinDCX recently experienced a security breach that resulted in a loss of around $44 million (nearly ₹379 crore) from one of its internal operational accounts.
  • The compromised account was used for liquidity provisioning on a partner exchange and did not hold customer assets.
  • CoinDCX stated that it will cover the losses from its treasury reserves and that customer assets are safe.