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CoinDCX raises $2.5 Mn funding led by Polychain Capital

Mumbai-based cryptocurrency exchange aggregator CoinDCX has secured $2.5 million in a funding round led by Polychain Capital along with Coinbase Ventures also participated. The company would deploy the fresh capital to launch newer products within India for retail investors, build a team, and to run educational initiatives for the adoption of cryptocurrency.

The three-year-old CoinDCX provides instant fiat to crypto conversions with zero fees to its users. The investment has come within three months after CoinCX had raised $3 million in a Series A round in March.

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