CoinDCX Announces INR 111 Cr ESOP Buyback for Over 500 Employees The strategic buyback marks a significant milestone for the cryptocurrency exchange as it seeks to reward long-term contributors and strengthen employee ownership.
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Mumbai-based CoinDCX has announced its largest-ever Employee Stock Ownership Plan (ESOP) liquidity event, valued at INR 111 crore, enabling wealth creation for more than 500 current and former employees.
The strategic buyback marks a significant milestone for the cryptocurrency exchange as it seeks to reward long-term contributors and strengthen employee ownership.
The announcement comes four months after the company secured an undisclosed investment from Coinbase at a post-money valuation of USD 2.45 billion. CoinDCX last raised major funding in April 2022, securing USD 135 million at a valuation exceeding USD 2 billion.
Sumit Gupta, co-founder of CoinDCX, highlighted the industry's challenges and resilience. "The Indian crypto industry has navigated an incredibly demanding landscape, particularly as we work toward a more defined regulatory framework," he said. "Yet, despite these headwinds, CoinDCX has emerged stronger and more resilient than ever. This is a testament to the unwavering trust of over 2 crore customers in India and the UAE, and the steady support of our investors and ecosystem partners."
Founded in 2018, CoinDCX provides crypto trading and investment services to over 20 million users in India and abroad. The platform supports more than 500 crypto assets and over 200 trading pairs for retail and institutional investors. In 2024, the company expanded into the Middle East and North Africa region through the acquisition of BitOasis.
CoinDCX operates under DCX Group, which also includes CoinDCX Ventures and Okto, its Web3 wallet platform with over 20 million users.
The buyback is the fourth major ESOP liquidity event announced in 2026. Recently, Cashfree launched an ESOP buyback for over 400 employees, Innovaccer completed a buyback worth about USD 75 million, and BrowserStack unveiled a USD 125 million ESOP liquidity programme.
ESOP buyback activity remained subdued in 2025 at just over USD 75 million, compared with approximately USD 190 million in 2024 and significantly higher payouts in preceding years.
