CoinDCX reached a $1.1 billion valuation by raising $90 million in a Series C funding round in August.
India’s largest cryptocurrency exchange, CoinDCX, has no immediate plans for a public listing because the restrictive surroundings within the country remains unsure.
CoinDCX has no definitive route or clause on once to travel ahead with a possible initial public providing (IPO), the firm told Cointelegraph in a political candidate statement on Monday.
“Any growing company aspires to require an commerce route in due course. we tend to at CoinDCX even have similar aspirations. we'd wish to repeat that there's no immediate arrange within the predictable future to announce an commerce,” a proponent said.
The latest announcement adds to the claims of CoinDCX co-founder Neeraj Khandelwal who claimed on Monday that CoinDCX would pursue an IPO “as presently because the government or the things allow” the exchange to try and do thus. Khandelwal said during a Bloomberg interview that CoinDCX would elect a “precise timeline” betting on future government rules.
The spokesperson for CoinDCX emphasised that the main target of the Bloomberg interview was to “discuss the restrictive framework in India concerning the crypto bill being tabled within the parliament.”
CoinDCX is one of the biggest crypto corporations in India. In August, CoinDCX raised $90 million during a Series C funding round, changing into the primary crypto business in Asian country to achieve imaginary creature standing.
According to native reports, India’s minister Nirmala Sitharaman declared on Monday that the govt has no plans to acknowledge Bitcoin (BTC) as a currency. She additionally noted that the govt doesn't collect information on Bitcoin transactions.
(Helen Partz, Cointelegraph, 2021)