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CoinDCX in Talks With Facebook Co-Founder to Raise Up to $120M: Report

The funding round would accord the Indian company unicorn status, with a valuation of more than $1 billion.

Actualizado 14 sept 2021, 1:32 p. .m.. Publicado 29 jul 2021, 3:28 p. .m.. Traducido por IA
The Gateway of India in Mumbai
The Gateway of India in Mumbai

Leading Indian cryptocurrency exchange CoinDCX is in talks to raise $100 million to $120 million in a funding round led by Facebook co-founder Eduardo Saverin's B Capital Group, India's Economic Times reported Thursday, citing three people with knowledge of the matter.

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  • The round would value CoinDCX at more than $1 billion, according it so-called unicorn status.
  • Polychain Capital and Coinbase Ventures are also set to participate. Both invested in the firm last year as part of a $2.5 million funding round.
  • CoinDCX had 1.5 million users as of last month, up 700% since March 2020. It plans to expand by acquiring smaller exchanges in other markets, a spokesperson told the newspaper.
  • As many as 15 million Indians are now trading crypto, according to a report last month by blockchain analytics firm Chainalysis. The report also said that investment in crypto in India has surged over 600% in the past year from $923 million to $6.6 billion.

Read more: India’s Largest Crypto Exchange Launches User-Friendly App, Eyes 50M New Users

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Protocol Research: GoPlus Security

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What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Bitcoin gets 'base case' price target of $143,000 at Citigroup

Bitcoin (TheDigitalArtist/Pixabay)

The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.

需要了解的:

  • Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
  • Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
  • The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.