CoinDCX secures $ 3 million in Series A financing, led by parent companies Polychain, Bain and BitMEX

Indian cryptocurrency exchange CoinDCX announced that it has received $ 3 million in Series A financing, led by Polychain Capital, Bain Capital Ventures, and BitMEX’s parent company HDR Group, as well as other VCs. CoinDCX plans to use the funds to accelerate the popularity of cryptocurrencies in India and expand product development, services, marketing, research and development. CoinDCX was founded in 2017, and they said that they used the liquidity aggregation model to integrate the liquidity of global cryptocurrency exchanges, such as Binance, Huobi, and OKEx. Their products include fiat and cryptocurrency exchanges, spot transactions, and margin transactions. And futures trading.