CoinDCX CTO Vivek Gupta Steps Down Amid Reports Of A Top Level Churn

coindcx's Chief Technology Officer (CTO), Vivek Gupta, has stepped down after five years at the crypto unicorn company.

“Our CTO, Vivek Gupta, who has been an integral part of our journey for over five years, has been instrumental in building a world-class tech platform and scaling a 200+ member engineering team. As Gupta moves on to explore new opportunities, we remain deeply grateful for his contributions, particularly in establishing a global engineering hub that supports our growth in India and international markets,” CoinDCX said in a statement. 

Gupta’s next move is still unclear.

Sources say that Tushar Tarun, the head of legal affairs at the startup, is also leaving and is currently serving his notice period, though CoinDCX hasn’t confirmed it yet.

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As per his LinkedIn profile, Gupta joined CoinDCX in 2020 as Executive Vice President of Technology.

CoinDCX said it’s strengthening its leadership team and hiring for key positions. “We have over 100 openings, including senior roles like CFO and General Counsel,” the company stated.

About CoinDCX 

Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX lets users trade cryptocurrencies and other digital assets. The platform claims over 1.6 crore users and supports more than 500 crypto assets.

It became India’s first crypto exchange unicorn in 2021 after raising $90 million in a Series C round led by Facebook cofounder Eduardo Saverin’s B Capital Group.

As per its FY24 standalone financials from Tofler, CoinDCX’s operating revenue dropped by 12.41% to ₹391.70 crore from ₹447.70 crore last year, while net profit fell by 45.27% to ₹15.46 crore from ₹28.25 crore.

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