Crypto exchange CoinDCX has unveiled a ₹111 crore ESOP (Employee Stock Ownership Plan) buyback, marking the largest liquidity event in the company’s history. The move will provide wealth creation opportunities to over 500 current and former employees.
The announcement comes four months after CoinDCX secured fresh capital from Coinbase at a reported post-money valuation of $2.45 billion. The Mumbai-based platform had previously raised $135 million in April 2022 at a valuation exceeding $2 billion.
Strengthening Employee Wealth Creation
The ESOP buyback reflects CoinDCX’s effort to reward long-term contributors amid a challenging regulatory and market environment for the crypto industry in India.
Commenting on the development, co-founder Sumit Gupta said the company has navigated regulatory uncertainty while continuing to build resilience and scale, supported by customer trust and investor backing.
Founded in 2018, CoinDCX serves over 20 million users across India and the UAE. The platform supports more than 500 crypto assets and 200 trading pairs, catering to both retail and institutional participants.
In 2024, the company expanded internationally by acquiring BitOasis, entering the Middle East and North Africa (MENA) region. CoinDCX operates under the DCX Group umbrella, which also includes CoinDCX Ventures and Okto, its Web3 wallet platform with over 20 million users.
ESOP Liquidity Activity Gains Momentum in 2026
CoinDCX’s ₹111 crore ESOP buyback is among the largest employee liquidity events announced this year. It follows similar initiatives by Cashfree, Innovaccer, and BrowserStack, signalling renewed momentum in employee wealth realisation.
After a relatively muted 2025, ESOP liquidity activity appears to be picking up in 2026 as late-stage startups focus on retention, talent incentives, and structured capital management.
With crypto markets stabilising and regulatory clarity gradually evolving, CoinDCX’s move underscores its confidence in long-term growth while reinforcing its position as one of India’s leading crypto exchanges.
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