CoinDCX co-founders Neeraj Khandelwal (left) and Sumit Gupta. (CoinDCX)<\/p>\n<\/div>\n

As for the new product offerings, CoinDCX recently introduced a new plan that allows individuals to keep investing a certain amount every few days. The feature is aimed at helping people understand and build a habit of making long-term and disciplined investments. More than 100,000 individuals are already using the offering, which was unveiled late last month. \u201cSo we will keep on adding more,\u201d he said.<\/p>\n

Some offerings that you can rule out seeing on CoinDCX include wealth management opportunities such as mutual funds and stocks. Gupta said crypto remains the singular focus for CoinDCX. \u201cAs a company, we are excited about a category that is the future. We will continue to double down on crypto and not explore areas that are already solved,\u201d he said.<\/p>\n

CoinDCX is also planning to considerably ramp up its workforce. The startup, which currently employs about 400 people, plans to have 1,000 people by the end of the year.<\/p>\n

\u201cThis is a problem, I as a founder, experience a lot. There\u2019s a lack of talent pool. There are limited number of people who have experience of working in the crypto space. How can we built a sort of mechanism, where more and more gain understanding and contribute to the ecosystem,\u201d Gupta said.<\/p>\n

Unlike Binance, which has its own token, called BNB, and FTX, which runs FTT, CoinDCX is not looking to introduce its own native token, Gupta said. \u201cWe don\u2019t want to launch a token for the sake of it. Token is generally useful when you want to get the network effects faster. It\u2019s something you try to solve massive adoption early on. I think we\u2019re already doing pretty well. We are very cautious about each new feature or product we introduce as it\u2019s an irreversible thing. I have been telling the team, for example, if we do something, we need to do it right,\u201d he said, pointing to exchanges such as Coinbase and Kraken that don\u2019t have their own tokens.<\/p>\n

CoinDCX recently partnered with crypto-native trade surveillance and market integrity players such as Solidus Labs and Coinfirm, to strengthen its anti-money laundering protection and to provide \u201cprecise and holistic\u201d detection and reporting into suspicious activities. These partnerships, the startup says, will enhance CoinDCX\u2019s compliance with the Financial Action Task Force\u2019s (FATF) recommendations.\u00a0<\/span><\/p>\n