Eight years ago, building a crypto company in India was widely dismissed as a “risky” venture. The technology was deemed too complex, the regulatory path too uncertain, and the vision of a decentralized future too radical.
But where others saw risk, we saw a fundamental shift in the global financial architecture.
Today, CoinDCX is trusted by over 2 crore users in India and the UAE. This is the result of a passionate group of people, building through market cycles and creating the infrastructure that will power the next era of value creation.
Resilience Over Hype
Over the past eight years, CoinDCX has grown from a five-member startup in a small 2BHK apartment in Mumbai to India’s largest crypto exchange, serving over 2 crore users with a team of 500+ and a global presence through the acquisition of BitOasis in the MENA region. We have set industry benchmarks in trust and compliance by becoming the first Indian exchange to be registered with FIU-IND and making our Proof of Reserves and Liabilities public.
We believe that being founders is, first and foremost, a responsibility to the people who turn our vision into reality. We didn’t set out just to lead a market, but to cultivate an organization where success is a shared journey and ownership is a tangible reward for every ‘Changemaker’ on board.
Realizing the Value of Ownership
Today, we are announcing a ₹ 111 Crore ESOP Buyback for our 500+ current and former team members.
While many view startup stock as ‘paper money,’ we are committed to changing that perception by creating real, accessible value.
- Equity as a Tangible Asset: This buyback ensures that ‘ownership’ is more than a line item in an offer letter. It is a real, liquid share in the value you have created through years of effort.
- The Alumni Network: We are including former employees because their contribution is permanent. Moving on to new ventures doesn’t erase the sweat equity you poured into our foundation.
- Industry Maturity: By executing a buyback of this scale in 2026, we are proving that the Indian VDA (Virtual Digital Asset) industry can actually create a lot of value and wealth for the ecosystem.
Day One of the Next Decade
We’ve come a long way and have been building with long-term conviction, but honestly against the scale of our mission and ambitions, this is still Day One.
The future of finance is transparent, inclusive, and decentralized.
To the 500+ people participating in this buyback: Use this to fuel your next personal milestone.
Thank you for the trust, the resilience, and the relentless focus. Let’s continue building with the same rigor as always.
Onward and upwards,
Sumit & Neeraj
