Mumbai (Maharashtra) [India], April 19 (ANI): Crypto exchange CoinDCX said on Tuesday it has raised $135 million in Series D funding from some new and existing investors.

With the new round of funding the company's valuation has soared to $2 billion.

Also Read | MetaShooter: A Decentralized Blockchain-Based Hunting Metaverse.

The funding round was led by Pantera and Steadview with strong participation from prominent investors like Kingsway, DraperDragon, Republic, and Kindred.

The latest funding round also saw existing investors such as B Capital Group, Coinbase, Polychain, and Cadenza increase their investments in CoinDCX, putting it in a strong position to support the growth of the crypto/web3 industry in India, CoinDCX said in a statement.

Also Read | Liverpool vs Manchester United, Premier League 2021-22 Free Live Streaming Online & Match Time in India: How To Watch EPL Match Live Telecast on TV & Football Score Updates in IST?.

With this round, CoinDCX becomes the highest valued crypto company in India.

"The latest round by some of the largest institutional investors only reinforces the belief in India's immense potential in the crypto ecosystem," Sumit Gupta, Co-Founder, and CEO, of CoinDCX, said in a statement.

"With a wide array of products built for India, and the commitment to building compliant, simple, and safe solutions, we are uniquely positioned to help forge greater understanding and trust between regulators, industry, and our users, ultimately helping accelerate the growth of Crypto adoption in India and further the march of Web3.0," Gupta added. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)