CoinDCX has rolled out its largest-ever employee stock ownership plan (ESOP) liquidity event, committing ₹111 crore to create tangible wealth for more than 500 current and former employees. Through this move, the company aims to reward long-term contributors while reinforcing an ownership-driven culture.
Moreover, the Bengaluru-based crypto exchange said the buyback reflects its commitment to recognising employees who supported the company’s growth during a period marked by regulatory uncertainty and market volatility. By offering liquidity, CoinDCX seeks to turn employee equity into real financial value rather than long-term paper gains.
Commenting on the development, Co-founder Sumit Gupta said the Indian crypto industry has navigated a challenging phase while moving steadily toward regulatory clarity. However, he noted that CoinDCX has emerged stronger due to sustained investor confidence and the trust of over 2 crore users across India and the UAE.
Importantly, the company has extended the ESOP buyback to former employees as well. Through this inclusion, CoinDCX has acknowledged the role early team members played in building the organisation’s foundation and scaling its operations.
Founded in 2018 by a five-member team operating out of a small apartment in Mumbai, CoinDCX has since grown into one of India’s leading digital asset platforms. Today, the company serves more than 2 crore users and has expanded its global footprint through the acquisition of BitOasis in the Middle East and North Africa region.
Additionally, the ESOP buyback highlights CoinDCX’s financial stability and signals its transition from a fast-growing startup into a scaled enterprise within the digital asset ecosystem. As the company enters its next growth phase, CoinDCX said it will continue to focus on building a compliant, transparent, and trusted crypto ecosystem while adapting to an evolving regulatory environment.
