CoinDCX, an Indian cryptocurrency exchange, has promoted Mridul Gupta to founding partner. He joined as the chief operating officer of the business in 2021. Gupta’s responsibilities in his new role will include meeting the company’s growth targets, focusing on international expansion, assembling elite teams, and increasing profitability. Moreover, Mridul will continue to oversee the Indian market, supporting CoinDCX’s alliances, business practices, advertising, and product offering to expedite the company’s deliberate growth in that nation.
His appointment to this new role coincides with the company’s announcement of its intention to expand internationally by acquiring BitOasis, a virtual asset trading platform, in the Middle East and North Africa. According to the exchange, BitOasis might generate up to $50 million in revenue each year after being acquired.
Gupta will still be in charge of the Indian market, bolstering CoinDCX’s partnerships, operations, marketing, and product line to quicken the company’s strategic expansion in that country.
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Mridul, who graduated from IIT Delhi with a degree in Electrical Engineering, has worked in business, strategy, and product roles in India and Southeast Asia for about 15 years. He was Pine Labs’ Chief Strategy Officer before joining CoinDCX. Along with working at Goldman Sachs, Stellaris Venture Partners, and his own startup, he has also advised several banks in South East Asia and India. He brings with him a wealth of knowledge in expanding the capacities and propelling growth of rapidly expanding fintech companies. Mridul is a strong believer in the critical role cryptocurrencies will play in transforming India’s economy in preparation for a decentralized future.
Sumit Gupta, Co-Founder of CoinDCX, said,
“Our vision is to enable access to Crypto & Web3 in a safe and compliant manner across the globe. Mridul has played a crucial role in scaling CoinDCX in India and has been instrumental in the BitOasis acquisition. As we scale up, shoring up revenues and launching new geographies will be key. Mridul’s experience in launching operations across new geographies and turning them profitable will help CoinDCX transform to the next level.”
Mridul Gupta said,
“I firmly believe that crypto and web3 will go mainstream in the next 5 years and we are proudly leading this revolution across India and the Middle East. I am very excited for what lies ahead as we continue to innovate simple investment & trading platforms for retail users, build tailored solutions for institutions and create tools to explore Web3 for crypto enthusiasts. My vision is to transform CoinDCX as the most loved Crypto brand. I am thankful to Sumit, Neeraj and the entire CoinDCX team for their trust and support in me.”
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