Bain Capital Ventures invests in CoinDCX
20 March 2019 5:07 AM GMT
CoinDCX currently has 50,000 users and processes around a $1 million of average trading volume every day.The company will use the funds to scale its technical infrastructure and introduce new products
- Bain Capital Ventures, the startup investment arm of US-based private equity fund Bain Capital, has invested an undisclosed amount in CoinDCX, a cryptocurrency trading platform, the startup said on Wednesday.
- CoinDCX, As an aggregator of cryptocurrency trading services, claims it has versatile financial instruments and deep order books that target a variety of trading use cases.
- The company will use the funds to scale its technical infrastructure and introduce new products, where it aims to increase its value add by being a single platform, which provides investors with a complete set of financial instruments to trade their digital assets, co-founder Sumit Gupta said.
- "That’s why we created CoinDCX," said Sumit Gupta, co-founder of CoinDCX.
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