CoinDCX Announces ₹111 Crore ESOP Buyback to Reward 500+ Employees

CoinDCX, India’s leading cryptocurrency exchange, has announced its largest-ever Employee Stock Ownership Plan (ESOP) buyback, valued at ₹111 crore ($13.4 million).

This strategic liquidity event, announced in February 2026, is designed to reward the long-term commitment of more than 500 current and former employees who have contributed to the company’s growth over the past eight years.

CoinDCX Rewarding the “Changemakers”

The buyback initiative reflects CoinDCX’s transition from a high-growth startup to a mature, scaled enterprise.

Co-founder Sumit Gupta emphasized that the program aims to turn “paper money” into tangible wealth, reinforcing an ownership-driven culture.

Notably, the inclusion of former employees—referred to as “alumni”—acknowledges their “sweat equity” in building the company’s foundation.

This recognition honors their early efforts, which began in a small Mumbai apartment in 2018.

This move follows a significant period of resilience for the firm.

Despite a demanding regulatory environment in India and a sophisticated server breach in late 2025 that resulted in a $44 million loss, CoinDCX has emerged stronger.

The company reported over 2 crore (20 million) users and robust trading volumes of ₹51,333 crore for the 2025 calendar year.

Strategic Growth and Investor Confidence

The buyback follows a fresh, undisclosed investment from Coinbase Ventures in late 2025. This funding maintained CoinDCX’s valuation at approximately $2.45 billion.

This infusion of capital and the subsequent liquidity event signal a “thaw” in the crypto funding landscape.

This sector has recently faced significant pressure due to tight taxation and regulatory headwinds.

CoinDCX’s expansion into the Middle East and North Africa (MENA) through the acquisition of BitOasis and its subsequent entry into Bahrain have further solidified its position as a global player.

The buyback is the fourth major liquidity event in the Indian tech ecosystem in 2026, joining the likes of BrowserStack and Innovaccer in rewarding employee contributions.

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