WazirX disclosed the trajectory of its business this year only to give an insight into the slump spell that the crypto market is under as India awaits to complete regulatory deployments to oversee the sector. The Indian crypto trading platform, in 2023, managed to generate around $1 billion (roughly Rs….
CoinDCX has announced that it is expanding its self-custody wallet service named Okto outside of India to other international locations. To do so, the Indian crypto exchange has stitched its operations with Transak, which is a developer integration toolkit to let users buy/sell crypto in any app, website or web…
The global crypto market, that is currently undergoing a slump, could be losing community members who do not have an appetite for risky investments at the time. This impact of the slowdown has been highlighted by crypto exchange CoinSwitch after it laid off 44 employees earlier this month from its…
India’s CoinDCX crypto exchange announced the layoff of 12 percent of its workforce on Tuesday. A total of 71 staff members have been impacted by the decision. The crypto exchange, in its official statement, said that India’s TDS (Tax Deducted at Source) deductions on each crypto transaction has slowed down…
CoinDCX, which claims to cater to 1.3 crore crypto users in India, expanded its services portfolio last year to include a self-custody crypto wallet named Okto. The Indian crypto exchange, after having accessed the recently highlighted security loopholes in the crypto ecosystem, is now deploying safety updates to its Okto…
CoinDCX crypto exchange has appointed Sridhar Govardhan as the Chief Information Security Officer (CISO) to monitor its cybersecurity readiness. Govardhan previously served as the vice president and head of information security at Flipkart. The firm is looking to drive engagement with a focus on providing advanced security measures. Govardhan has…
The crypto sector, that crossed the market cap of $1 trillion this week, is witnessing a bull sentiment with a bunch of new investors entering the digital assets sector. Indian exchange CoinDCX on Monday, January 23 launched a crypto awareness initiative for Indian industries and investors. The name of this…
Crypto exchange CoinDCX launched ‘Okto’, a decentralised finance (DeFi) app to open the Web3 sector for a widespread adoption in India, on Friday, August 26. The company is aiming to help members of the Indian crypto community to dive deeper into the DeFi space. As per Investopedia, DeFi is an…
A bunch of crypto exchanges in India have found themselves embroiled in a legal controversy. CoinDCX, WazirX, and CoinSwitch Kuber have been served notices by the Directorate of Enforcement (ED), India’s financial watchdog. The exchanges will be probed in cases of money laundering and violating foreign exchange laws. Along with…
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