Pantera-backed Indian crypto exchange CoinDCX lays off 12% staff, citing high taxes

Pantera-backed Indian crypto exchange CoinDCX lays off 12% staff, citing high taxes

(From L to R) Neeraj Delwal, Co-Founder; and Sumit Gupta, CEO.

India’s crypto exchange CoinDCX, backed by Pantera and Steadview, on Tuesday said it let go of 12% of its workforce, citing an impact of high crypto taxes on its volumes and, therefore, revenue.

Edited by: Joymitra Rai

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