Former COO Mridul Gupta takes on expanded responsibilities at CoinDCX role to drive global growth and profitability.
Gupta's new role focuses on expansion, team development, and increasing profitability.
The move aligns with CoinDCX's recent entry into the MENA market through BitOasis acquisition.
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Homegrown cryptocurrency exchange CoinDCX has elevated Mridul Gupta as its founding partner.
Gupta, who joined the company as its chief operating officer in 2021, will now helm on meeting growth targets, international expansion, team building and driving profitability.
Besides, he will also continue to oversee the Indian market while strengthening CoinDCX’s product portfolio, marketing, partnerships and operations.
“We will continue to innovate simple investment & trading platforms for retail users and build tailored solutions. My vision is to transform CoinDCX as the most loved crypto brand,” he said.
It is pertinent to note that Gupta was at the forefront in developing compliant crypto investment and trading products.
Chiming in, cofounder Sumit Gupta said, “As we scale up, shoring up revenues and launching new geographies will be key. Mridul’s experience in launching operations across new geographies and turning them profitable will help CoinDCX transform to the next level.”
The appointment coincides with CoinDCX’s recent acquisition of BitOasis, a virtual assets trading platform based in Dubai. This marks CoinDCX’s entry into the Middle East and North Africa (MENA) market.
Founded by Gupta and Neeraj Khandelwal in 2018, CoinDCX claims to have a user base of over 1.4 crore. It offers easy access to Web3 experiences and democratise investments in virtual digital assets with user safety and security.
CoinDCX became the country’s first crypto unicorn in 2021 after raising $90 Mn in Series C from Facebook cofounder Eduardo Saverin’s B Capital Group, Coinbase Ventures, and others.
It counts Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred, and Coinbase Ventures among its investors.
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