CoinDCX has announced its largest-ever ESOP liquidity event, valued at Rs 111 crore, aimed at benefiting current and former employees. The strategic buyback will unlock wealth for over 500 individuals. This announcement follows Coinbase’s undisclosed investment in CoinDCX about four months earlier, at a post-money valuation of $2.45 billion. CoinDCX’s last major funding round occurred in April 2022, when it raised $135 million at a valuation above $2 billion.
Sumit Gupta, CoinDCX co-founder, said the Indian crypto industry has navigated a demanding regulatory landscape, but CoinDCX has emerged stronger, earning the trust of more than 2 crore customers in India and the UAE with solid support from investors and ecosystem partners. The firm described the ESOP liquidity event as a milestone in its ongoing efforts to reward contributors across the group.
CoinDCX operates under the DCX Group, which also includes CoinDCX Ventures and Okto, its Web3 wallet platform with over 20 million users. Bearing strategic significance, the group expanded into the Middle East and North Africa in 2024 through the BitOasis acquisition.
This is the fourth major ESOP buyback announced in 2026. Earlier, Cashfree rolled out an ESOP buyback for over 400 employees, healthtech firm Innovaccer completed a buyback worth about $75 million, and SaaS unicorn BrowserStack announced a $125 million ESOP liquidity programme. ESOP activity in 2025 remained subdued at just over $75 million, while total ESOP buybacks, payouts, and liquidity stood at around $190 million in 2024, well below 2023’s $802 million.
Leave a Reply