The new feature enables customers to invest in crypto in small amounts at regular intervals
MUMBAI: CoinDCX, India’s first crypto exchange unicorn, today announced the launch of its Crypto Investment Plan (CIP). This unique product offering will help investors invest a fixed amount in crypto at regular intervals. With this feature, the investor will not have to stress about timing the market and can invest for the long-term to better manage market volatilities and enjoy the compounding effect of wealth over time.
A Crypto Investment plan (CIP) serves as an ideal channel for crypto investors who are looking to enhance their investment journey through disciplined investing, allowing them to invest in accordance with their risk appetite. Designed to provide a disciplined approach in investing, CIP offers investment installments on a weekly basis where investors can invest a fixed amount every week. This enables users to benefit from rupee cost averaging, lowering market volatility risks over time and countering the volatile nature of crypto. The customers benefit from compounded returns, enabling them to build their digital wealth on a long-term basis.
Commenting on the rollout of the new feature, CoinDCX CEO and Co-Founder Sumit Gupta said, “Retail investors often find themselves at the crossroads as to which asset to invest in, and at what price to invest at. CoinDCX is actively working to develop products with a clear objective of providing our customers the most value when they invest with us. CIP is one such product through which we are helping investors to stop worrying about timing investments with the market, addressing the dynamic nature of crypto, and building greater confidence by minimizing risks in crypto investing.”
A pioneer in India’s crypto industry, CoinDCX has tracked unparalleled growth since it was launched in 2018. With an aim to democratize access to crypto-based products, CoinDCX has been developing services that ensure a faster, simpler, and uninterrupted flow of capital. CoinDCX has contributed to offering clients the security, insurance, and ease of buying and selling that they require so that investing in Bitcoin or other crypto assets is now a simple and painless procedure. Following its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital, CoinDCX reached unicorn status, becoming India’s first crypto unicorn start-up.
“Customers have always been at the core of CoinDCX’s business, and we are committed to providing the best experience for our customers. As we continue to strengthen the user journey, the launch of CIP will make an investment in crypto even more accessible, enabling more people to enjoy the rewards from the future of finance,” added Sumit.
This announcement comes as CoinDCX surpasses 1 crore users on its platform and most recently enhanced its anti-money laundering protection with crypto-native surveillance and market integrity leader Solidus Labs. CoinDCX continues to be a leading player in India’s crypto industry, scaling efforts to make crypto trading simpler for investment novices and veterans alike. Customers can trade on the CoinDCX app and seasoned investors can leverage CoinDCX Pro to further their trading experience. CoinDCX is committed to enhancing understanding of crypto and blockchain through their education platform, DCX Learn—built to counter misinformation and foster awareness in emerging technologies and innovation.
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