CoinDCX announces ESOP buyback worth Rs 111 crore
20 Feb 2026, 11:35 AMThe ESOP buyback will benefit more than 500 former and current employees of CoinDCX.
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Cryptocurrency exchange CoinDCX will buy back Rs 111 crore in ESOPs (Employee Stock Ownership Plan).
This will benefit more than 500 former and current employees of CoinDCX.
"This is our way of saying thank you to our incredible team: those who have been instrumental in helping CoinDCX scale to become India’s largest crypto exchange and in enabling over 2 crore Indians to start their crypto journeys," said Sumit Gupta, co-fouder, CoinDCX, in a LinkedIn post.
The ESOP buyback comes a few months after CoinDCX said it will raise fresh capital from its existing backer Coinbase at a valuation of $2.45 billion.
The announcement marked a thaw in funding in the overall crypto space that has been hit by tight regulations in India.
CoinDCX has also seen top level exits with its chief human resource officer Mudita Chauhan and chief information security officer Sridhar G stepping down last year.
The company was also hit by a "sophisticated server breach" in July last year resulting in a loss of around $44 million.
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