Global investors believing in India's crypto story are backing us

Bitcoin hitting new highs, crypto platforms are celebrating. Crypto exchange startup CoinDCX, also India's first crypto unicorn, recorded ₹23,497 crore in spot trading volume in the first half of this year, a 37% jump over H1 last year.

- Sumit Gupta, Co-founder, CoinDCX

Bitcoin hitting new highs, crypto platforms are celebrating. Crypto exchange startup CoinDCX, also India's first crypto unicorn, recorded ₹23,497 crore in spot trading volume in the first half of this year, a 37% jump over H1 last year. In an interview with Financial Express, CoinDCX founder Sumit Gupta, talks about the recent shift in the country is approaching Web3 and crypto policy, improved capital flow towards startups with strong product-market fit and how the company is recovering from the $44 million loss it faced due to a security breach last month.

Coin has been hitting new all-time highs this year. Do you think this will put an end to negative market sentiments towards crypto?

Yes, the sentiment around crypto has shifted. Bitcoin hitting new all-time highs has played a major role, and Ethereum's continued resilience has further reinforced confidence in foundational protocols. The approval of spot Bitcoin and Ethereum ETFs in the US was a big milestone. It's no longer just about institutional interest. We are seeing real institutional participation. Startups with solid fundamentals are once again being seen as high-potential opportunities, and the blanket pessimism we saw during the downturn is steadily fading.

CoinDCX suffered a $44 million security breach last month, but there was zero impact on customer assets.

How did you ensure that?