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CoinDCX,\u00a0<\/strong>one of India\u2019s largest trading platforms for\u00a0cryptocurrencies like\u00a0Bitcoin<\/strong>\u00a0BTC\/USD<\/span>,\u00a0Ethereum <\/strong>ETH\/USD<\/span> and\u00a0Dogecoin<\/strong>\u00a0DOGE\/USD<\/span>\u00a0is now valued at $2.15 billion after raising $135 million in an oversubscribed round of its Series D funding.<\/p>\n The company said on Tuesday\u00a0Pantera Capital<\/strong>\u00a0and\u00a0Steadview Capital<\/strong>\u00a0led the latest funding round with strong participation from prominent investors such as\u00a0Kingsway, DraperDragon, Republic\u00a0<\/strong>and\u00a0Kindred<\/strong>.<\/p>\n The round also saw existing investors such as\u00a0B Capital Group<\/strong>,\u00a0Coinbase<\/strong><\/a>\u00a0Global<\/strong>, Inc COIN<\/span>,\u00a0Polychain<\/strong>, and\u00a0Cadenza<\/strong>\u00a0increase their investments in CoinDCX.<\/p>\n Big Aims:\u00a0<\/strong>Amid an uncertain and hostile environment<\/a> for cryptocurrency platforms in India, CoinDCX said it aims to almost triple its workforce by the end of this year.<\/p>\n \u201cTo support its vision of building India\u2019s crypto\/web3 ecosystem, the organization also aims to triple its talent pool to over 1000 employees by the end of 2022,\u201d it said in a statement.<\/p>\n The company added that since India\u2019s top court quashed the central bank\u2019s blanket ban on crypto, \u201cthere has been an upsurge in crypto literacy amongst Indians.\u201d<\/p>\n The four-year-old startup has 12 million registered users, a nearly four-fold increase from August 2021.<\/p>\n Exchanges in India are increasingly relying<\/a> on enabling peer-to-peer transactions for cryptocurrencies amid the country’s\u00a0central bank disassociating itself with exchanges using the UPI payment method. Coinbase was forced to suspend <\/a>the option to buy cryptocurrencies with UPI in the country a day into its launch.<\/p>\n Price Action<\/strong>: According to data from\u00a0Benzinga Pro<\/strong><\/a>, Bitcoin was trading at $40,721, gaining 4.58% in the last 24 hours. Dogecoin and Shiba Inu were up 3.51% and 3.72%, respectively.’<\/p>\n