Neeraj Khandelwal News

Solana (SOL) has seized the spotlight as the leading blockchain of the year, commanding nearly half of global crypto investor attention in chain-specific narratives, according to CoinGecko.

CoinDCX has partnered with Koinex, an Indian cryptocurrency exchange that ceased all trading operations due to regulatory uncertainties, to enable the platform’s users to access their assets.

As we conclude 2023, a year marked by regulatory challenges and unprecedented growth, the cryptocurrency industry stands at the crossroads of uncertainty and promise. In an exclusive interview with India’s largest crypto exchange and the first crypto unicorn, CoinDCX’s Co-founder Neeraj Khandelwal shares insights into the highs and lows of 2023 and paints an optimistic picture of what awaits the crypto community in 2024.

Major Indian cryptocurrency exchange CoinDCX is expanding its self-custody wallet, Okto, by integrating major on-ramp platform Transak.

crypto exchange CoinDCX on Tuesday said it is laying off about 12% of its workforce, as the crypto market continues to navigate the tough macro conditions and impact of TDS on domestic exchanges. CoinDCX founders Sumit Gupta and Neeraj Khandelwal said in a blog post that to help the impacted employees, «we have put together a support package consisting of severance pay equivalent to the full notice period, additional one month of salary, variable pay and incentives dues, encashment of unutilised leaves, extension of health insurance & wellness benefits and access to counseling support». «We had to make a tough choice that involved bidding farewell to some of our brilliant and dedicated team members at CoinDCX. We are deeply sorry for this, and we bear its weight, both in responsibility and in emotion,» they added. The company said that prolonged bear market and impact of TDS on domestic exchanges had a significant impact on its volumes and, thus, revenues. «To adapt, we undertook several proactive measures, including direct cost optimisation and investment in automation to drive efficiency and productivity.

Coinbase-backed crypto exchange CoinDCX has roped in Gaurav Arora as senior vice president to focus on developing use cases of crypto and blockchain technology, said the company. 

Cryptocurrencies traded in the green early on April 19. The global crypto market cap is $1.89 trillion, a 2.21 percent increase over the last day. The total crypto market volume over the last 24 hours is $95.69 billion, which makes a 58.86 percent increase.

CoinDCX, plans to pursue an initial public offering as soon as government regulations allow it, according to its co-founder Neeraj Khandelwal. The share sale would be a key vote of confidence for India’s digital asset industry similar to Coinbase Global Inc.’s U.S.

CoinDCX, India's first cryptocurrency unicorn, plans to go public as soon as Indian regulations allow it, said co-founder Neeraj Khandelwal.