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CoinDCX, India’s First Crypto Unicorn Planning An IPO?

CoinDCX co-founder Neeraj Khandelwal causes excitement by announcing on Bloomberg in a recent interview. Then, states that CoinDCX may consider an initial public offering as soon as legislation permits. However, a CoinDCX spokesperson explains to Forkast that an IPO “is not something we are actively pursuing at the moment.”

More so, as per Khandelwal, an IPO can assist in providing legitimacy to the crypto industry in India. Of course, exactly as Coinbase’s listing earlier this year on the Nasdaq stock exchange boosts investor confidence. Notably, The particular timeline for the IPO is under influence from the regulations, according to Khandelwal.

Furthermore, after the interview, CoinDCX notes through a statement to local media. Then, states that while the company is exploring an IPO as a room for growth like any other startup,

More so, “there is no definitive route or clause” as to when the company may actually go…”
“public and the company does not have an immediate plan for it.”

“While we aspire to one day hold an IPO, this is a long-term goal for CoinDCX and…”
“is not something that we are actively pursuing at this moment…”
“Of course, a well-defined regulatory process in the country will benefit not…”
“only us but the entire ecosystem in their growth strategy.”

Lastly, CoinDCX is aiming at strengthening its current offerings, by increasing its customer base. Notably, CoinDCX was founded in 2018, now has 3.5 million customers as of August this year. It offers crypto trading and also investment and lending products.

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