IBEF: June 17, 2020
CoinDCX, which claims to be India’s largest cryptocurrency exchange, launched an online platform, DCX Learn, to provide resources for cryptocurrency and blockchain educational content.
This followed the company’s US$ 3-million Series A funding round from private investment firm, Bain Capital, and others, as well as strategic investment of additional US$ 2.5 million from Coinbase Ventures and Polychain Capital.
He company launched DCX Learn amid news reports that a Government has removed the ban on cryptocurrency in India for inter-ministerial consultations by the finance ministry.
In early 2018, Reserve Bank of India (RBI) had prohibited the use of the banking system for crypto-related payments but this was struck down by the Supreme Court (SC) in March 2020, leading to an increase in the Indian cryptocurrency market.
“With the potential to accelerate financial inclusion in India, as well as opening gateways to new forms of investing, cryptocurrencies can benefit everyone. However, for Indians to take full advantage of crypto, we need to lay the groundwork through appropriate education," said Mmr Sumit Gupta, co-founder & chief executive officer (CEO), CoinDCX.
“…We believe it is our duty to give people the tools needed to unlock the benefits of digital assets, and we are sure that DCX Learn will be vitally important in achieving our goal of onboarding 50 million Indian crypto users," Mr Gupta said.
The DCX Learn platform will offer learning material in form of guides and articles, online courses, interactive lectures, and free quizzes, designed to all levels of crypto users ranging from novice to advanced market participants. Topics on the platform will include blockchain, cryptocurrency, trading, economics, and security.
Crypto security will be a major focus on the platform providing information and knowledge for safe trading.
“The content available on DCX Learn will also be supported by collaborators from leading global industry thought leaders including CryptoKanoon, CoinCrunch, Inlox Network, Cashaa, and many more to be announced," the company said.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.