The biggest cryptocurrency exchange in India, CoinDCX, has introduced CoinDCX Prime, a noteworthy move that reflects the changing nature of the sector. High-Net-Worth Individuals (HNIs), family offices, and institutional investors are served by this custom service, which provides individualised investments and cutting-edge yield production tactics.
Under this project, CoinDCX hopes to increase its assets under management (AUM) to $100 million by 2025.
Investment Options That Are Tailored for HNIs :
The purpose of CoinDCX Prime is to offer high-net-worth individuals and institutional investors a premium service. Dedicated key account managers who support integration and offer tailored advice are part of this solution. A seamless investing experience is ensured for investors with a volume of INR 50 Lakhs and above by providing them with round-the-clock customer support, expert tax and legal opinions, and other services.
Advanced Techniques for Yield Creation :
The Advanced Earn product, which provides sophisticated yield production tactics, is a noteworthy element of CoinDCX Prime. Those looking to optimise the rewards on their cryptocurrency investments may find this option especially appealing. A cost-effective option for high-volume traders, CoinDCX Prime also has the lowest trading fees on the market and doesn’t charge extra for asset custody.
Special Bonuses and Advantages :
A variety of exclusive benefits are available to CoinDCX Prime members, which improves their trading experience even more. These include the ability to execute big orders through the Over-The-Counter (OTC) desk with ease and reductions on VIP trading fees. These perks provide HNIs and institutional investors access to tools and services that surpass what is typically offered in the market, catering to their sophisticated needs.
Increasing Involvement from Corporate and HNI Investors :
Head of Strategy and Growth at CoinDCX Minal Thukral emphasised that the platform has been successful in drawing in a wide spectrum of investors. With more than 1.5 crore Indian investors using the platform, institutional and HNI trust in CoinDCX has grown significantly. As of right now, the platform counts 25 family offices, over 2,500 HNI clients, and more than 100 institutional investors.
Market Dynamics and Global Trends :
The introduction of CoinDCX Prime is in line with worldwide trends, which show that wealthy people are putting more money into alternative assets in order to diversify their holdings and increase profits. A Bain report from 2022 attested to this increasing desire among affluent investors. Furthermore, institutional interest in cryptocurrency assets has increased dramatically since the U.S. Securities and Exchange Commission (SEC) approved Ethereum and Bitcoin Exchange-Traded Funds (ETFs).
Dedication to Regulatory Compliance and Adherence :
The compliance-first strategy used by CoinDCX has been essential in gaining investors’ trust. The exchange complies with stringent Know Your Customer (KYC) guidelines and is registered with the Financial Intelligence Unit India (FIU IND). By ensuring regulatory compliance and reducing the danger of money laundering and illicit activities, CoinDCX is established as a trustworthy platform in the Indian cryptocurrency market.
Potential for the Future and Its Effect on the Indian Crypto Market :
In the near future, CoinDCX Prime is expected to have a significant impact on the cryptocurrency scene in India. The platform strives to satisfy the distinct requirements of institutional and high-net-worth investors by providing customised solutions and individualised advice, therefore encouraging increased market participation and growth. To fully realise the potential of digital assets in India’s financial ecosystem, programmes like CoinDCX Prime are crucial as institutional and general usage of cryptocurrencies rises.
In conclusion :
CoinDCX Prime is a calculated move that places CoinDCX at the forefront of the developing Indian cryptocurrency market by meeting the sophisticated needs of HNIs and institutional investors. CoinDCX Prime, with its focus on personalised service, innovative investing methods, and compliance, is well-positioned to make a substantial contribution to the development and expansion of the cryptocurrency sector in India.