Costs, licensing, consumer protection Privacy, self-custody, censorship resistance
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CoinDCX

CoinDCX

Neblio Technologies Private Limited

Status
Private company
Legal HQ
India
Founded
2018
Corporate site
coindcx.com
Valuation
$2.1B · Apr 18, 2022
Latest round
Series D, $135M (aprile 2022), guidato da Pantera Capital e Steadview Capital

Main investors / shareholders

  • Pantera Capital · Other
  • Steadview Capital · Other
  • B Capital Group · Other
  • Coinbase Ventures · Other
  • Polychain Capital · Other
  • Bain Capital Ventures · Other
  • Cadenza Ventures · Other
  • Kingsway · Other
  • DraperDragon · Other
  • Republic Capital · Other
  • Kindred Ventures · Other

CoinDCX is operated by Neblio Technologies Pvt Ltd, a private Indian company founded in 2018 and headquartered in Mumbai. It was India's first crypto unicorn, valued at $2.15 billion after its $135M Series D round in April 2022. It is not publicly listed.
4.1/5 0.8/5 · Data verified on

CoinDCX is a super-app bringing together spot, margin, futures, lending, staking and learning, with around $1.2B in assets and backing from Coinbase Ventures. It is India-focused, with expansion into the MENA region still under way.

Visit official website ↗
61
Transparency: Medium
61/100 · see methodology
61
Data exposure: Medium
61/100 · lower is better for sovereignty · methodology

Data & conditions

Maker / Taker fee 0.4% / 0.6%
Markets Spot + Derivatives
Max leverage 50×
Supported assets 500+
Trading pairs 500+
24h volume $1.57M
Fiat on-ramp Yes
Deposit methods Bank Transfer (IMPS), Bank Transfer (NEFT/RTGS), UPI, MobiKwik Wallet
Geo restrictions USA
Staking / Earn Staking available
Fund custody Custodial (platform holds funds)
KYC Full
Supported countries APAC, MENA · 1+ countries
Regulator FIU-India
OAM Italy registration No
Segment B2C
MiCA / License status FIU India FIU-India

Strengths

  • Super-app: spot+margin+futures+lend+staking+learn; $1,2B AUM; Coinbase Ventures.
  • No notable sovereignty advantage documented.

Weaknesses

  • India-focus; espansione MENA in corso.
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (FIU-India): reporting to authorities and freezes on order.
  • Geographic restrictions (USA).

Verdict

A D ★ 4.1/5 ★ 0.8/5

Among the highest scores in the category, and deserved on the protection lens: CoinDCX is a super-app with around $1.2B in assets under management and backing from Coinbase Ventures, registered with FIU-India and spanning spot, futures, lending and staking. The limits are its concentration on the Indian market and not-rock-bottom fees (0.6% taker), with MENA expansion still being built and no access from Italy.

On the sovereign side the super-app loses most of its value: everything is custodial and full-KYC, and the broad suite of integrated services simply means more functions in the intermediary's hands, not more autonomy for the user. No self-custody and no privacy, and the institutional backing from Coinbase Ventures counts for little to anyone chasing trustless, on-chain control.

Privacy & anonymity 30% 0.8
Fund control 20% 0.0
Censorship resistance 20% 2.3
Costs 10% 0.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

FAQ

What are CoinDCX's fees?

On CoinDCX, spot fees are maker 0.4% / taker 0.6%. They drop with monthly volume and VIP tier.

Is CoinDCX regulated in Europe?

Regulatory status of CoinDCX: FIU-India. Licence: FIU India.

Does CoinDCX publish Proof of Reserves?

Proof of Reserves publication is not documented for CoinDCX. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.

Can I send transfers to third-party IBANs from CoinDCX?

No, CoinDCX is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.

Does CoinDCX support derivatives and futures?

CoinDCX offers derivatives trading, with up to 50x leverage.

Sources

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Update history

✓ Terms unchanged since Jun 1, 2026

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