Log in

News

Crypto startups will remain strong if public markets take a hit: CoinDCX CEO

Updated: Jul 25, 2024
Published: Jun 2, 2022
0
Share:

The CEO of CoinDCX, a cryptocurrency exchange operating in India, Sumit Gupta, talked about his take on the current state of the crypto market and the future plans of the exchange as well in an interview with Forbes India

Post Feature Image

Crypto startups will survive

According to the statement given by Gupta in the interview, the US Federal Reserve increasing rates and public markets taking a major hit won't affect the crypto industry as bad as much as some of the other startup categories. As per the CoinDCX CEO, the crypto industry has huge capital investments going to categories or industries that have a "higher propensity to grow in the coming years."

He further said that the recent $4.5 billion fund announced by Andreessen Horowitz (a16z), a venture capital firm in Silicon Valley, California, is another major bullish signal for the crypto industry. This new fund is Andreessen Horowitz's fourth crypto fund, and the total amount raised for crypto and blockchain investments is now standing at $7.6 billion for a16z. 

"We are planning to hire 1,000 people by the end of this year. It's a great time to hire while other companies are on a hiring freeze. We think this is a great opportunity for us to build a good and strong team that can give us innovative products in the future," said CoinDCX CEO.

CoinDCX continues to hit milestones

CoinDCX is India's first crypto-based firm to achieve unicorn status in the nation. The exchange recently had a new crypto yield program called 'Earn,' through which customers can earn interest on their idling crypto assets. The CEO has huge expectations from the Earn feature, and he also revealed that the exchange aims to allocate more funds to DCXLearn, an initiative to educate people on crypto and Web 3.0, in the coming years. 
"The long-term plan is to allocate more budget to this initiative and come up with creative ways of releasing the content. Who knows, in the future, we'll even have a Metaversity for crypto education," Gupta said.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025