Looking Back at Memories and Envisioning the Future as CoinDCX Turns 5

April 2018, Neeraj and I embarked on a journey that not many understood. We both gave up our cushy jobs because we truly believed in the power and potential of crypto. We had a vision and were determined to give it our all. That way, even if we failed we’d know that we did our best.

We spent months building the idea of CoinDCX. But right before we were about to launch, RBI announced a banking ban on working with crypto exchanges. We had two options – give up. Or fight. We chose the latter. We changed our strategy overnight and went ahead with our dream of taking crypto to 1mn Indians.

Fast forward to 2023. CoinDCX is one of India’s largest and sought after crypto exchanges. CoinDCX is India’s first crypto unicorn. We started out as a crypto exchange, made crypto accessible to more than 1cr Indians who signed up on our exchange as customers. Ventured into Web3 investments through CoinDCX Ventures. Took the first steps into the world of DeFi by launching Okto. Started educating the masses by launching Unfold and Namaste Web3. 

We’ve seen the crypto industry change and evolve over the years. As a budding startup in this space, we’ve been drivers of some of this change. But the motivation, courage and the desire to be better each day comes only through the support we have of our community, our users, our investors, and most importantly our employees.

At CoinDCX, we don’t do cliched job interview questions like ‘Where do you see yourself in 5 years?’ but if someone were to ask me this, I’d say – In 5 years from now, I see myself in an India that’s a global web3 hub with countries all across the world trusting Indian companies and talent for solving the toughest of challenges and building the best of products. I see myself in an India that’s known by the world for being at the biggest advocate for global crypto regulations. I see myself in an India where everyone benefits from the power of virtual digital assets, blockchain and web3.

We’re turning 5, but the celebration is all yours! 🥳🎉 #ChangeStartsTogether. pic.twitter.com/jVC6cuazMa

— CoinDCX: Making Crypto Accessible to Indians (@CoinDCX) April 7, 2023

With all these memories and vision for the future, Neeraj and I would like to thank our amazing team who made CoinDCX their own, our investors and mentors for their unwavering support and faith in us, our business partners who let us into their circle, the crypto community for being our biggest asset and strength, government and policy makers who are slowly but surely supporting the crypto industry and our users for putting their trust in us. We are truly blessed to have you on our side.

The last 5 years were AMAZING. Here’s to making the next 5 even better.

Onwards and upwards

Sumit Gupta