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CoinDCX Could Go Public

Benzinga
Benzinga
India’s first cryptocurrency unicorn, CoinDCX, is thinking of going public just as CoinBase ($COIN@US) did in the U.S. In an interview with Bloomberg TV, CoinDCX co-founder Neeraj Khandelwal said that he is interested in taking the path CoinBase took by going public. He noted, however, that the decision depends on how the Indian government chooses to regulate the crypto industry, pointing out that, “as soon as the government or the situations allow us, we will try for an IPO. An IPO gives legitimacy to the industry, just like the CoinBase IPO gave a lot of confidence in the crypto markets.” Because the tide may be turning in India—with the central bank considering its own token—CoinDCX may be positioned perfectly. Currently, the company is valued at just over $1 billion and recently raised $90 million with B Capital Group.
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