What is Coin DCX?

Why in news ?  The Coin DCX  recently faced  significant $44 million (around Rs 379 crore) loss due to a sophisticated server breach, marking a major incident for one of India’s leading cryptocurrency exchanges.

About CoinDCX:

• It is one of India’s leading cryptocurrency exchanges, founded in 2018. It has over 16 million registered users and handles significant trading volumes, with Bitcoin and Ethereum leading trades.
• The platform suffered a $44 million security breach on July 19, 2025, due to a sophisticated server attack on an internal operational account used for liquidity provisioning, but assured that customer funds remain 100% safe and unaffected, with losses absorbed by its treasury reserves.

Important cryptocurrency exchanges similar to CoinDCX:

• WazirX: A leading Indian exchange offering a wide range of cryptocurrencies, P2P trading, and staking, with a focus on user accessibility.
• CoinSwitch: Known for its beginner-friendly interface, it aggregates prices from various exchanges and supports over 250 cryptocurrencies.
• ZebPay: One of the oldest Indian exchanges, it provides secure trading with features like crypto lending and cold wallet storage for 98% of funds.
• Mudrex: Offers pre-built coin sets and automated rebalancing, catering to investors with a focus on simplicity and security.
• Binance: A global leader with extensive cryptocurrency options, lower fees, and advanced trading tools, though it operates internationally.