Indian cryptocurrency exchange CoinDCX has raised $135 million in its Series D funding round, at a valuation of $2.15 billion.

The tour was led by Steadview and Pantera Capital.

Funding was also provided by Coinbase Ventures, Kingsway, DraperDragon, Republic, Kindred, B Capital Group, Polychain, and Cadenza.

Investor appetite was unaffected by the introduction of a 30% tax and controversial 1% fee on profits from cryptocurrency transactions in the country. TDS. Innovations weakened the activities of local merchants.

CoinDCX will use the proceeds to expand its product line and hire staff focused on compliance specialists.

The company has previously partnered with Solidus Labs and Coinfirm to increase compatibility. FATF.

CoinDCX plans to expand the educational content in the app and create a startup section. Earlier, the company introduced the possibility of periodic investments in digital assets.

According to the platform, more than 10 million customers use their service.

In August 2021, CoinDCX became India’s first crypto unicorn with a valuation of $1.1 billion.

In November, its co-founders allowed access public offering after the emergence of regulatory certainty.

Recall that in April 2022, Coinbase gave access to its services to users from India.

Earlier, Kraken, Bitfinex and KuCoin exchanges began to examine the possibilities of working in the country.

Binance has been in this market since 2019 after acquiring local exchange WazirX.