Latest news with #CoinDCX
United News of India
12-06-2025
- Business
- United News of India
Pioneering India's Geospatial Future: GEODNET Partners with CoinDCX to Launch GEOD Token in India
Bengaluru (Karnataka) [India], June 11: CoinDCX, India's largest crypto exchange, announces the listing of GEOD tokens on its platform. GEODNET, a global leader in decentralized high-precision geospatial solutions, is expanding its footprint in India through this strategic move. The listing marks a key milestone in bringing decentralized location intelligence to one of the world's fastest-growing and most dynamic markets. Founded by Mike Horton, GEODNET is revolutionizing the geospatial industry by providing real-time, low-cost, and highly accurate location data through a decentralized network. As the company accelerates its expansion in India, it aims to address key local challenges and unlock new opportunities across sectors such as agriculture, infrastructure, mobility, and autonomous systems. Expanding into India: A Market of Strategic Importance 'India's vast geography and population present a unique opportunity for geospatial innovation,' said Mike Horton, Founder of GEODNET. 'With limited commercial Real-Time Kinematic (RTK) services currently available, and strong partner interest from firms like Quectel Wireless Solutions, we see immense potential to bring precise, decentralized geospatial services to urban and rural areas alike.' Driving Use Cases Across Industries GEODNET's technology is poised to benefit several critical sectors: Surveying and Drones: Enabling accurate mapping and terrain modeling to support infrastructure and urban planning. Precision Agriculture: Helping farmers optimize resource use and increase crop yields through detailed geospatial data. Mobility Solutions: Facilitating autonomous driving technologies, including self-driving tractors, e-scooters, and rideshare fleets requiring precise navigation. Supporting National Initiatives Aligning with India's National Geospatial Policy, GEODNET is actively working to build infrastructure that complements government efforts in both public and private sectors. The decentralized nature of GEODNET's network enables broad coverage, including rural areas, incentivized through token rewards and advanced deployment strategies like SuperHex to meet localized data demands. Collaborations and Community Engagement GEODNET is forging partnerships with drone companies, research institutes, and Web3 organizations to deepen its impact. The company's tokenomics model incentivizes contributors globally, with tailored rewards for Indian participants to encourage network growth. 'Our collaboration with CoinDCX and Levitate Labs has been instrumental,' Horton noted. 'Levitate Labs, a leading India-focused Web3 fund, has supported our expansion through community-building initiatives such as Onchain India, university programs, and support for emerging DePIN projects, helping us connect with India's vibrant blockchain ecosystem.' How Indians Can Participate Indian investors and technology enthusiasts can join the GEODNET journey by acquiring GEOD tokens on CoinDCX. This partnership underscores GEODNET's commitment to fostering decentralized, tokenized infrastructure that empowers India's digital and geospatial future. For information, please visit or
Coin Geek
12-06-2025
- Business
- Coin Geek
India to boost 'crypto' rules amid court directive, RBI warning
Getting your Trinity Audio player ready... India is expected to unveil a comprehensive discussion paper on digital assets in the coming weeks, reflecting insights from international bodies such as the International Monetary Fund (IMF) and the Financial Stability Board (FSB). This initiative reportedly signals the country's intent to explore a structured regulatory approach in response to the increasing global legitimacy of digital assets. The development of this policy paper coincides with shifting global dynamics, notably influenced by the United States' more favorable outlook on digital assets, particularly following growing support under President Donald Trump. India is engaging with multiple stakeholders and prioritizing a cautious, consultative process rather than making hasty decisions. The forthcoming document is expected to present a range of regulatory options to help shape the country's strategic stance on digital currencies in line with global standards. 'India to release the most-awaited discussion paper on crypto in June 2025! My sense is that it will cover the key risks associated with the sector and seek public comments to build further thoughts around crypto policy but no commitment on regulation yet,' said Sumit Gupta, co-founder of CoinDCX, India's first digital currency unicorn. 'The release of this discussion paper will 'finally' provide opportunities to Indian crypto investors/industry players/media to provide comments/feedback on the sector,' Gupta added. In July 2024, CoinDCX listed the BSV token for trading on its platform, allowing users to have more ways to buy, sell, and trade BSV. With CoinDCX's roughly 15 million registered users, the listing marks a significant expansion into the Indian market for BSV and demonstrates its potential and possibility in the region. Earlier this year, Ajay Seth, Secretary of the Department of Economic Affairs, stated that the Reserve Bank of India (RBI) had provided input for a discussion paper on digital assets. However, its publication was postponed due to shifts in the global regulatory landscape, as multiple nations re-evaluated their approaches to digital assets—especially in relation to stablecoins and international payment systems. Supreme Court slams delay in 'crypto' regulation The intention to speed up the regulation of digital assets comes days after the Supreme Court of India expressed strong dissatisfaction with the federal government's ongoing delay in establishing a regulatory framework for digital assets. According to a media report, the top court warned that the vacuum in legislation has enabled widespread abuse and financial misconduct. It emphasized that the lack of oversight has allowed digital currencies to be used in ways similar to 'hawala,' an illicit and informal system of cross-border money transfers. The court also flagged practical challenges for law enforcement, particularly when it comes to gathering evidence without a clear legal definition or regulatory standards for digital assets. These statements emerged during the hearing of a bail application filed by Shailesh Babulal Bhatt, a resident of Gujarat in western India, who faces fraud allegations involving 'cryptocurrencies' across several Indian provinces. Although the petition itself was not centered on broader digital asset policy, the bench—comprising Justices Surya Kant and N. Kotiswar Singh—used the occasion to voice apprehensions about the regulatory void in the digital asset space. More broadly, the court reminded the federal government that it had previously, nearly two years ago, called for a definitive policy direction on digital currencies. While acknowledging that an outright ban on digital assets would be counterproductive, given their growing importance in global finance, the bench stressed the urgent need for regulation. RBI repeats crypto risks to financial stability On the other hand, India's central bank continues to be concerned about digital asset trading, claiming it can hamper financial stability. 'There is no new development in so far as crypto is concerned. There is a committee in the government which is looking after this. Of course, as you are aware, we are concerned about crypto because that can hamper financial stability and monetary policy,' said RBI Governor Sanjay Malhotra during the post-Monetary Policy press conference on June 6. The RBI has raised concerns about 'cryptocurrencies' on multiple occasions. Shaktikanta Das, former RBI Governor, consistently warned that digital assets pose serious risks to the financial system. He argued that digital assets could undermine the banking sector's stability, complicate efforts to manage inflation during economic crises, and potentially lead to the emergence of an unregulated parallel monetary system. Das was a strong advocate for a complete ban on digital assets, comparing their use to gambling. However, instead of an outright ban, the government imposed one of the harshest taxation on digital asset trading—30% flat tax on all digital currency income with no provision to offset losses and a 1% tax deducted at source (TDS) on all transactions above Rs 10,000 ($116). This may likely lead to a loss of about $1.2 trillion in trade volume on domestic exchanges, according to a study from Esya Centre, an Indian policy think tank. RBI's decision to reduce interest rate positive for crypto The current RBI's monetary policy committee, led by Malhotra, recently made headlines by reducing interest rates by 50 basis points to 5.5%. The reduction was more than expected. RBI also lowered the cash reserve ratio, boosting liquidity to support the slowing economy as inflation eases. These bold steps reflect rising concern over India's economic slowdown and global uncertainties, including U.S. trade tensions. 'Our aspiration is to grow at 8%, and we would like to grow as fast as possible,' the governor said during the post-policy press conference. The central bank kept its growth forecast at 6.5% for the current fiscal year that began in April but lowered its inflation estimate to 3.7% from 4%. It also warned that there is little room for more rate cuts and said future decisions will be based on new economic data. 'We see the RBI's decision to reduce the repo rate as a positive signal for continued investor participation in crypto,' Gupta of CoinDCX said in an emailed statement. 'With repo rates at their lowest levels in three years, traditional instruments like fixed deposits may appear less attractive, prompting investors to seek better diversification and returns through alternative assets. At CoinDCX, we are witnessing increased interest from both retail and institutional investors who view crypto as a strategic asset within a well-balanced portfolio.' Watch: India is going to be the frontrunner in digitalization title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> India Regulation Reserve Bank of India Sanjay Malhotra Sumit Gupta Trading
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Business Standard
10-06-2025
- Business
- Business Standard
CoinDCX spot trading volumes jump 32% in May, BTC remains most traded token
CoinDCX witnessed a 32 per cent surge in spot trading volumes, hitting ₹492 million in May 2025 compared to ₹374 million in April. The sharp recovery highlights the growing confidence among users. Sumit Gupta, co-founder at CoinDCX said that the 32 per cent uptick in spot trading volume this May reflects more than just platform growth, it signals growing investor confidence amid global acceptance. "With increasing policy momentum in key markets and India's growing participation in the digital asset economy, we believe this is just the beginning of a more sustained upward trend. At CoinDCX, we remain committed to building a secure, compliant, and user-first platform that empowers the next wave of crypto adoption," he added. CoinDCX owns a total of $606.61 million in assets, reaffirming its strong reserve position. Of this, $448.99 million is held on blockchain, while $157.61 million is secured with partners. Bitcoin (BTC) and Ethereum (ETH) are the most actively traded tokens on CoinDCX in May 2025, with volumes of $29.5 million and $21.7 million, respectively. Moodeng emerged as a breakout breakout performer with $14.4 million in volume, reflecting the growing interest in emerging narratives. Ripple (XRP) and Solana (SOL) also featured among the top five, reinforcing investor interest in high-liquid assets. The company also made some major product advances in May this year. Major infrastructure upgrades were implemented in the Futures platform to reduce latency and enhance stability under high-load conditions, offering traders faster and more seamless execution. "A redesigned journey tailored for first-time and novice users enables easier onboarding and clearer decision-making in futures trading," the company said in a statement. In addition, real-time savings were rolled out, eliminating delays and enhancing user satisfaction across trading flows. In the ongoing month, the exchange's focus remains on optimising platform performance, expanding product capabilities, and elevating user experience through transparency and trust.
Time of India
27-05-2025
- Business
- Time of India
ICS 2025: Turning brand spokespersons into brand ambassadors
How can communication s professionals transform subject matter experts into compelling brand evangelists without sacrificing their authenticity? In a dynamic media landscape, where credibility and relatability are paramount, communication professionals face the challenge of balancing technical expertise with accessible storytelling when subject matter experts from their brands interact with the media. At the recently concluded India Communication Summit 2025 , industry leaders convened for a panel discussion to discuss how communication professionals can turn subject matter experts into brand evangelists. The session featured Anjali Kakkar, VP - Corporate Communications, CoinDCX; Shonali Chakravarty, Head of Enterprise Tech Comms, ISG & SSG, Lenovo Asia Pacific; Rashmi Vasisht, VP – Corporate Communications & Employer Brand, Cognizant, India; Rachit Mishra, Head - Brand Marketing & Communication, CJ Darcl Logistics. It was chaired by Prasad Sangameshwaran, Editor, The discussion kicked off with a key question: Should modern corporate communicators allow subject specialists to engage freely with the media, or leverage their expertise to guide these interactions for maximum impact? Vasisht began the discussion by emphasising the critical role of communication professionals in lending a hand to the brand spokesperson so that they resonate with a wide range of audiences. 'Every brand has leaders with expertise, experience and media credibility. The challenge is evolving these experts, who deeply understand their field, into advocates for the broader brand narrative. Can they connect their knowledge to the bigger picture? If communication professionals get this right, they can truly succeed,' added Vashisht.' Reflecting on a personal experience, Vasisht shared a lesson she learned. 'I once arranged for a globally recognised expert to speak with a senior editor for 40 minutes, confident in a successful outcome,' she recalled. 'But two weeks later, no story appeared. I then realised that journalists pursue specific angles, while my expert delivered an academic white paper. Reflecting further, I saw the mismatch: he would have excelled on a podcast, but perhaps not in a print story. As communications professionals, we must strategically align leaders not only with the right message and moment but also the right medium.' Building on Vasisht's response, the question arose: When preparing key spokespeople from brands, for media interactions, how much control should communicators exert and how much should they allow these experts to leverage their own strengths? Mishra shared his perspective, emphasising the importance of authenticity. 'These are subject matter experts, over-controlling them risks stripping away their authenticity, which audiences crave,' he said. 'Today's experts are channel-fluid. However, their insights can be rigid. If we restrain them too tightly and their insights fall flat, it undermines the expert, the interviewer and the audience. The key is to maintain flexibility while preserving the essence of their authenticity,' Mishra noted. Deviating from Mishra's stance, Chakravarty highlighted that the challenge and the opportunity of working with subject matter experts, especially whether it's technology or any core area where there is a lot of technical knowledge required, is that you have to turn these specialists into generalists. There are a lot of subject matter experts in every company, but are all of them expected to become spokespersons of the organisation? 'No,' she said. 'We want spokespersons to be a little bit more generic, a jack-of-all-trades when they're speaking to the press. So, there is an element of unlearning. You've got to force the specialist to do so that the person puts himself or herself in the shoes of an average reader. The spokesperson may know everything about IT services or technology or logistics, but my average reader, even for a mainline or a financial, is hoping that we meet them somewhere in the middle. How do we make this exciting, interesting? That's where I think, to Rashmi's point as well, that grounding in, maybe it could be through a grounding of the organisational values, how do you link it to the larger vision of the brand, or a grounding in what B2B communications experts do best, data, can make it all a little bit more desirable,' Chakravarty highlighted. Joining the conversation, Kakkar underscored the importance of subject matter experts adopting the perspective of the reader, rather than simply evaluating media interactions through the narrow lens of ROI. She emphasised that such interactions play a pivotal role in long-term brand building . 'When I joined CoinDCX, I went to my founder and presented two media opportunities, encouraging him to participate. His immediate question was, 'What's the ROI?' I had to explain that while you might not see 100 sign-ups on the platform the moment the article is published, media exposure builds credibility. It shouldn't always be viewed from a sales conversion perspective,' Kakkar resolved. She continued by underlining a broader point about subject matter experts—a principle she believes applies across industries. 'All industry leaders are experts in their domains. But it's our responsibility as communication professionals to help them understand that effective messaging requires seeing things from the reader's point of view, not just their own,' said Kakkar. Using the example of her industry, she said, 'Take crypto, for instance. It's already considered a cryptic world and when experts fill their messaging with jargon, they alienate the audience. A subject matter expert's messaging must be crafted around what his audience understands and needs, not just what they want to say.' To conclude, in today's dynamic media landscape, communication professionals face the challenge of transforming subject matter experts into authentic brand evangelists. By aligning the expertise of subject matter experts with storytelling techniques, brands can reach a wider audience. Prioritising the audience's perspective and the right medium while maintaining authenticity allows corporate communicators to build credibility and resonate with customers.
News18
23-05-2025
- Business
- News18
What Are Crypto Futures? A Beginner's Guide For Traditional Market Traders
Last Updated: Unlike traditional markets that operate within fixed hours and close on weekends, crypto markets run 24/7. Authored by Paras Malhotra. Head – Trade, Custody and Business Operations at CoinDCX: As the crypto market continues to evolve and mature, Futures trading has emerged as a key instrument for market participants looking to capitalise on price volatility and effectively hedge their positions. Crypto Futures are derivative contracts designed to mirror the price movements of the underlying digital asset. These instruments offer the strategic benefits typically associated with traditional futures markets—such as leverage, risk management, and short-selling opportunities—while maintaining the flexibility of crypto-native infrastructure. Consider this example: An investor with $100 in trading capital is optimistic about Bitcoin's price trajectory. They initiate a long position on a BTC/USDT Futures contract using 10x leverage. This enables them to gain exposure to a $1,000 position—comprising $100 of their own capital and $900 borrowed from the exchange. This use of leverage amplifies both potential gains and risks, making position management a critical aspect of Futures trading. Bitcoin Futures, in particular, have gained significant traction due to their high liquidity and strong institutional interest. As this segment matures, understanding technical tools such as chart patterns becomes essential for informed decision-making and effective risk management. Why are equity investors interested? In India, the crypto derivatives market is seeing growing interest from equity market participants—especially those already familiar with Futures and Options trading in traditional finance. This signals a broader shift, where experienced traders are increasingly exploring crypto as a parallel avenue for diversification and strategic trading. Crypto futures mirror many features of equity futures and options: the ability to take long or short positions, hedge existing stakes, and employ leverage. This familiarity has spurred strong interest from those already navigating the equity derivatives space. Crypto Futures operate within a market structure where every contract requires a counterparty—mirroring the zero-sum nature of derivatives. For every participant going long, another must be willing to take the opposite view and go short. Once both sides are matched, the contract is created and introduced into the market. While this structure is similar to traditional derivatives markets, a key differentiator in crypto is the concept of perpetual contracts—Futures contracts without a fixed expiry date—enabling traders to hold positions indefinitely, subject to funding rates and margin requirements. This model offers greater flexibility and has become one of the key reasons why crypto futures appeal to modern traders. For equity derivatives traders used to strict expiry cycles and rollover costs, perpetual futures offer a more agile way to express directional views or hedge portfolios. While leverage still introduces risk, many traders find that the ability to manage positions dynamically — without worrying about expiry — allows for better control and potentially lower downside than high-volatility equity swings, especially in intraday setups. Around-the-Clock Opportunity Unlike traditional markets that operate within fixed hours and close on weekends, crypto markets run 24/7. This continuous access allows equity traders to explore opportunities even after traditional markets shut down — offering flexibility, extended exposure, and the ability to act on global events in real-time. Introduction of INR margining Traders can use Indian Rupees directly as collateral to trade pairs like BTC-USDT or ETH-USDT. This removes the earlier requirement to convert INR into stablecoins, simplifying the process. Leverage amplifies both gains and losses. Indian exchanges now offer everything from 1x for cautious strategies to 100x for high-octane scalping. This versatility supports approaches ranging from quick momentum trades to longer-term directional bets. Yet it also demands disciplined risk controls—position sizing, stop losses, and portfolio diversification are essential for sustainable success. Institutional Momentum Strengthens the Case Institutional adoption is reshaping the crypto market's credibility and liquidity. In Q1 2025, public firms added a record 95,000 BTC to their treasuries, with 79 corporations—including those outside the traditional finance sector—now holding Bitcoin. This institutional wave underscores Bitcoin's role as a strategic reserve rather than a mere speculative tool. As these trends play out globally, they reinforce confidence among Indian retail and professional traders considering crypto derivatives. It is authored by Paras Malhotra. Head – Trade, Custody and Business Operations at CoinDCX The views expressed in this article are those of the author and do not represent the stand of this publication. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! Location : New Delhi, India, India First Published: May 20, 2025, 12:00 IST News business » cryptocurrency What Are Crypto Futures? A Beginner's Guide For Traditional Market Traders
