CoinDCX IPO: India's first cryptocurrency unicorn plans to go public
moneycontrol.comCoinDCX, India's first cryptocurrency unicorn, plans to go public as soon as Indian regulations allow it, said co-founder Neeraj Khandelwal.
Speaking to Bloomberg, Khandelwal said that CoinDCX IPO would boost confidence in India's 'digital asset industry'.
"As soon as the government or the situation allows 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. Similarly, we want to instil a similar level of confidence with an IPO of CoinDCX," Khandelwal said, as quoted by Bloomberg.
Read | Current crypto craze has the makings of another Tulip Mania
The cryptocurrency exchange was valued at $1.1 billion in August when it raised $90 million in a funding round
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