CoinDCX has doubled its valuation to $2.15 billion in eight months following a fresh $135 million funding.
CoinDCX says it has amassed over 10 million users. CoinDCX also provides margin trading and the option to stake digital assets.
Co-founder and Chief executive of CoinDCX Sumit Gupta, says the quality of investors coming in and the kind of strong confidence they have shown on the market will give a good boost to the overall industry.
Gupta confirmed that CoinDCX has also been hit by the recent move, noting that the 1% TDS has made it somewhat less feasible for some high-frequency traders to go about their business.