The Crypto Investors Protection Fund (CIPF) is designed to compensate CoinDCX users for losses in rare scenarios such as security breaches or other adverse events.
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This offers an opportunity for users to engage with a broader array of digital assets, including emerging and pre-launch tokens.
Singapore-based GameFi project Kandle offers innovative fantasy games using crypto coins, where players compete to win rewards.
With the number of cryptocurrency users in India projected to reach 206.1 million by 2023, it presents a massive potential user base for WEMIX to tap into.
The event featured panel discussions on the $1 trillion opportunity presented by Web3 and the development of global regulatory standards for virtual digital assets.
The crypto exchange will set aside around $13 million (Rs. 100 crores) for CoinDCX Ventures over the next 12 months – to support & accelerate the growth of Web3 ecosystem.
The Series C funding round was led by Coinbase Ventures and Andreessen Horowitz (a16z), with participation from previous investors Sequoia Capital, Paradigm, Ribbit Capital and Tiger Global.
DCX Learn, the online learning platform subsidiary of CoinDCX, has partnered with the Blockchain Council for cryptocurrency certification courses.