Milestone · Financial Services

CoinDCX announces ₹111 crore ESOP buyback

By Startup Enthusiast · 19 February 2026

What they do

CoinDCX is a cryptocurrency exchange founded in 2018 in Mumbai

It announced a ₹111 crore ESOP buyback covering over 500 current and former employees

This is one of the largest ESOP liquidity events by an Indian crypto exchange; the buyback includes former employees for their past contributions

CoinDCX announced a ₹111 crore ESOP buyback.
The buyback covers over 500 current and former employees.
Former employees are included for their past contributions.
This is described as one of the largest ESOP liquidity events by an Indian crypto exchange.

In 2025, 12 Indian startups conducted ESOP buybacks, helping over 9,200 employees unlock wealth worth over ₹1,409 crore.
BrowserStack announced a $125 million share buyback in January 2026.

CoinDCX is a cryptocurrency exchange founded in 2018 in Mumbai.
It has over 2 crore users across India and the UAE.
It acquired Dubai-based BitOasis in 2024 for MENA expansion.
BitOasis expanded into Bahrain in 2025.
It operates under DCX Group, with entities in India and international markets including Web3 and digital wallets.
Revenue primarily comes from transaction fees on crypto trades.
Quarterly trading volumes are over ₹2.4 lakh crore.
FY25 operating revenue was ₹559.6 crore, up 43% from ₹391.8 crore in FY24.
FY25 net profit was ₹1.7 crore, up ~15% from ₹1.5 crore in FY24.

Customers: Individual and institutional investors trading cryptocurrencies globally
How it makes money: B2C cryptocurrency exchange platform with trading fees and services
What sets it apart: Support for 100+ countries with multilingual platform and multiple on-chain use cases