Funding will be used to double the exchange's staff to 400 employees.
The funding round would accord the Indian company unicorn status, with a valuation of more than $1 billion.
The fund will focus on growing the Solana ecosystem in Brazil, India, Russia and Ukraine.
Aimed at appealing to crypto newcomers, CoinDCX Go allows users to trade smaller denominations of 14 of the industry's top assets.
India's largest cryptocurrency exchange, CoinDCX, has raised $13.9 million in a Series B funding round led by Block.one.
Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?
India's largest crypto exchange, CoinDCX, has secured a $2.5 million strategic investment led by Polychain Capital with support from Coinbase Ventures.
One of the oldest crypto custodians, BitGo has started securing crypto assets at India's largest exchange by trade volume, CoinDCX.
The funding round comes just weeks after the Supreme Court overturned the country's banking ban.
Indian Supreme Court’s decision to lift the central bank’s ban on cryptocurrency trading could soon translate into notable growth in trading volumes, according to cryptocurrency exchanges in the country.