CoinDCX’s March 2025 Report: A Comedy of Errors or a Masterpiece?

by

Ah, dear reader, gather ’round as we delve into the latest musings of Sumit Gupta, the illustrious CEO of CoinDCX, who has graciously bestowed upon us the March 2025 transparency report. It is a veritable cornucopia of numbers and jargon, yet fear not, for I shall distill it into something far more palatable—like a fine wine, or perhaps a rather questionable cheese. 🍷🧀

With great joy, I present to you @CoinDCX’s March 2025 Transparency Report, which includes our
-> Proof of Reserve (PoR)
-> Monthly Trading Volume
-> Top 5 Traded Tokens
-> New feature updates

A delightful thread awaits below. 🧵👇

— Sumit Gupta (CoinDCX) (@smtgpt) April 15, 2025

Let us commence with the reserves, shall we? CoinDCX assures us that user funds are as safe as a cat in a sunbeam. Their proof of reserves boasts a surplus that would make even the most frugal of accountants weep with joy. And lo! This is not mere internal wizardry; it has been validated by third-party sorcerers. 🧙‍♂️

As of March, they are perched upon a veritable mountain of over 507 million USDT, a sum that includes crypto lounging on Binance, KuCoin, Huobi, and a smattering in direct wallets—because who doesn’t love a good treasure hunt? 🏴‍☠️

Next, we must discuss the Crypto Investor Protection Fund, which began its life at a modest ₹50 crore and has now blossomed into a robust ₹57.5 crore. This miraculous growth is attributed to CoinDCX’s decision to contribute 2% of their brokerage income. A noble endeavor, indeed! One can only hope it continues to flourish like a well-watered plant. 🌱

However, not all is rosy in the garden of trading volumes, which took a rather unfortunate tumble last month. The report attributes this to market uncertainty, particularly concerning the ever-looming specter of rising US tariffs. Who could have predicted such volatility in these turbulent times? Oh, the irony! 😏

The top five traded tokens in March were none other than XRP, BTC, SOL, ETH, and MAVIA—names that roll off the tongue like a well-rehearsed soliloquy. No surprises here, dear friends; it’s as predictable as a Shakespearean tragedy. 🎭

In a bid to enhance the futures trading experience, CoinDCX has unveiled a series of updates. These include improved charts, cleaner order forms, and swifter fund transfers—because who doesn’t appreciate a little efficiency in their chaotic lives? 🏃‍♂️💨

Thus, CoinDCX continues its quest for transparency and smoother trading, even amidst the tempestuous seas of uncertainty. The numbers are laid bare, the tools are sharpening, and they strive to keep the ship steady for their users. Let us await April with bated breath and a hint of sarcasm. 🎩

Read More

2025-04-15 16:07