Indian crypto bourse CoinDCX raises $3m from Bain Capital Ventures, others

Photo: Pixabay

One of India’s largest cryptocurrency exchanges, CoinDCX, has raised $3 million from backers including Bain Capital Ventures, signaling that global investors are drawn to the space after a favorable Supreme Court decision.

The virtual currency trading platform said it would use the funds to promote adoption of cryptocurrencies as well as boost product development and marketing. Investors in the funding round included veteran crypto investor Polychain Capital and HDR Global Trading, which operates the crypto exchange BitMEX.

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