CoinDCX Launches Crypto Investment Plan to Help Users Invest in Intervals

CoinDCX claims CIP investments lower market volatility risks for customers over time.

CoinDCX Launches Crypto Investment Plan to Help Users Invest in Intervals

Photo Credit: Pexels/ Rodnae Productions

CoinDCX CIP is similar to a mutual fund Systematic Investment Plan

  • Investors can negate crypto market volatility through CIP investments
  • CIPs will be similar to SIPs in the mutual funds market
  • CoinDCX claims to have more than 10 million users on its platform

CoinDCX, one of India's major cryptocurrency exchanges, has announced the launch of its Crypto Investment Plan (CIP), which is aimed at helping investors invest a fixed amount in crypto at regular intervals. CoinDCX claims that the introduction of CIP will ensure investors don't stress about timing the market and can choose to invest in long-term plans to better manage market volatilities and enjoy the compounding effect of wealth over time. For those who invest in mutual funds, CoinDCX's CIP offering is similar in concept to a Systematic Investment Plan or SIP.

Aimed at providing a disciplined approach to investing, the platform claims that CIP offers investment instalments on a weekly basis allowing investors to invest a fixed amount every week. This lets users benefit from rupee cost averaging, lowering market volatility risks over time, and in turn, counter the volatile nature of crypto.

Commenting on the rollout of the new feature, CoinDCX CEO and co-founder Sumit Gupta said in a statement, "Retail investors often find themselves at the crossroads as to which asset to invest in, and at what price to invest at. CoinDCX is actively working to develop products with a clear objective of providing our customers with the most value when they invest with us."

"CIP is one such product through which we are helping investors to stop worrying about timing investments with the market, addressing the dynamic nature of crypto and building greater confidence by minimising risks in crypto investing," he added.

Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX is the first Indian unicorn (valued over a billion dollars) in the cryptocurrency space. The company has raised over $100 million (roughly Rs. 760 crore) to date with Coinbase Ventures and Facebook co-founder Eduardo Saverin-led B Capital as its investors.

The company claims to have over 10 million users on its platform and competes with other cryptocurrency exchanges like CoinSwitch Kuber, which also became a unicorn last year, and WazirX.

Asus India's Arnold Su joins this week's Orbital, the Gadgets 360 podcast, to talk about how the PC maker is planning to grow its presence in the country. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Affiliate links may be automatically generated - see our ethics statement for details.

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Zoom Gets Avatars Feature for Virtual Meetings: Here's How to Use It
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News


Follow Us
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »