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People · Financial Services

Two senior executives exit CoinDCX

By ·

Date
Company
CoinDCX
What it does
Cryptocurrency exchange platform
Kind
People
Founded
2018
Sector
Financial Services

What they do

Sangeeth Aloysius (SVP, Product & Design) and Satyartha Srivastava (VP, Derivative Revenue) are leaving and serving notice periods

What happened

Aloysius joined in May 2025 and Srivastava in July 2025

Why it matters

The exits follow the arrest of CoinDCX co-founders last month in an impersonation case, though the company denied any involvement in fraud

The details

  • Sangeeth Aloysius, SVP & Head of Product & Design, is leaving CoinDCX.
  • Satyartha Srivastava, VP & Head of Derivative Revenue, is also leaving the company.
  • Both executives are currently serving their notice periods.
  • Aloysius joined CoinDCX in May 2025.
  • Srivastava joined CoinDCX in July 2025.
  • Last month, CoinDCX co-founders were arrested by Mumbai Police in an impersonation case.
  • CoinDCX clarified that neither the company, its founders, nor its employees were involved in any fraud, including fake websites.
  • The co-founders were granted bail after the arrest.

The bigger picture

  • The executive departures come shortly after the arrest of the co-founders, which may have created uncertainty.
  • CoinDCX had already seen exits of its CTO and Head of Legal last year.
  • The company recently announced a ₹100 crore 'Digital Suraksha Network' initiative for fraud detection and user awareness.

About the business

  • CoinDCX is a cryptocurrency exchange platform.
  • It allows users to buy, sell, and trade digital assets like Bitcoin and Ethereum.
  • The company serves retail and institutional investors in India.
  • CoinDCX generates revenue through trading fees and other transaction charges.
  • It operates under the regulatory framework of the Indian government.

What happens next

  • CoinDCX announced a ₹100 crore 'Digital Suraksha Network' initiative for fraud detection, user awareness, ecosystem collaboration, and training for law enforcement.

Founders

  • Sumit Gupta, Co-founder

About CoinDCX

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

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