Sumit Gupta
Sumit Gupta is the CEO and Co-founder of CoinDCX, an Indian crypto exchange and Unicorn startup. [1][2][3][4]
Education
Sumit Gupta is a graduate of the Indian Institute of Technology (IIT), Bombay earning a Bachelor of Technology degree in Electrical and Electronics Engineering in 2013. In 2014, he went for his Masters degree in Communications and Signal Processing. [2]
Career
In 2010, Sumit Gupta was a Software Engineer Intern at L&T Infotech. In 2011, he was a Research Fellow at Karlsruhe Institute of Technology (KIT). In 2012, he served as a Software Engineer Intern at Sony in Tokyo, Japan. In 2013, he moved to Columbia Business School as a Data Research Analyst. [2][5]
In 2014, Sumit returned to Sony where he served as a Software Engineer for a year. In January 2016, he co-founded ListUp™, a place for people to buy & sell pre-owned electronics. [2]
CoinDCX
In March 2018, Sumit Gupta co-founded CoinDCX alongside Neeraj Khandelwal. CoinDCX is an Indian-based crypto exchange that aggregates global liquidity and trading services onto a single platform. It is backed by investors such as Polychain Capital, Coinbase Ventures, Bain Capital Ventures, and HDR Group, operator of BitMEX. [3]
"CoinDCX acts as an aggregator of trading services. Instead of buying cryptocurrencies with fiat on one platform, trading across currencies on another, and trading with leverage on a third - CoinDCX sustains and operates multiple instruments - through a single gateway." - Sumit wrote on his Linkedin profile[2]
"We’re aiming to (and successfully executing) an industry-wide abridgment of trading services. CoinDCX makes trading in digital assets easier than ever."
In August 2021, CoinDCX became Indiaʼs first crypto unicorn after raising $90 million (INR 670 crores) in their Series C funding at a valuation of $1.1 billion. [6]
‘‘The funds raised will be allocated to expand (bring more Indians to crypto / make crypto a popular investment asset class in India) and strengthen our workforce that will cater to our growth story. We will hire talent across multiple functions, and focus on new business initiatives.
Apart from this, we will be joining hands or enter into partnerships with key fintech players to expand the crypto investor base, set up a Research & Development (R&D) facility, strengthening the policy conversations through public discourse, working with the government to introduce favorable regulations, education, and amping up the hiring initiatives.’’ - Gupta quoted[6]
Gupta played a crucial role in launching the Bharat Web3 Association and has launched initiatives like Unfold, Namaste Web3, and others to support building a robust Web3 ecosystem in India. CoinDCX also has a learning academy dedicated to blockchain and cryptocurrencies. The platform offers guides, articles, courses, and lectures related to the web3 space. [7]
CoinDCX's product offerings include DCX Margin, DCX Lend, DCX Futures, DCX Insta, and DCX Staking. [3]
Sumit Gupta was honored with the Forbes India Youth Icon Award and the Indian Achievers Award, CEO of the Year 2020. [5]