CoinDCX launches CoinDCX Prime for HNIs, Family Offices, and Institutional Investors, targeting $100M AUM by 2025.
The recent inauguration of CoinDCX Prime, the latest offering from India’s foremost cryptocurrency exchange, has caused quite a stir. This new service, which is specifically designed for High-Net-Worth Individuals (HNIs), Family Offices, and Institutional Investors, is set to attain an ambitious $100 million in Assets Under Management (AUM) by 2025, as stated in their announcement.
However, this most recent announcement coincides with the crypto exchange‘s observation of substantial growth in institutional and high-net-worth individual (HNI) interest in the Indian crypto landscape.
Affluent investors are the primary focus of CoinDCX Prime, a specialized offering. This offering guarantees a seamless experience by providing personalized investment solutions and dedicated account managers.
Additionally, the service layer of CoinDCX Prime is compatible with preexisting advantages, including OTC desk support and trading fee discounts. In addition, the Advanced Earn product of the platform introduces strategies for yield generation.
Nevertheless, it is important to mention that the cryptocurrency exchange’s latest initiative is focused on investors who have a minimum investment volume of INR 50 Lakhs.
In the interim, Prime members are entitled to the lowest trading fees and incur no additional fees for asset custody or holding gains. Traditional advisory networks frequently impose additional costs, which is a significant contrast to this approach.
The trust that CoinDCX has established among HNIs and institutional investors was underscored by Minal Thukral, the Head of Strategy and Growth at CoinDCX. Minal Thukral stated in the press release that “CoinDCX is trusted by over 1.5 crore Indian investors for their crypto journey.” We are pleased to observe the same level of trust and interest from high-net-worth individuals.
Furthermore, he identified the enrollment of more than 100 institutional investors, 2,500+ HNI clients, and the provision of services to more than 25 family offices, which demonstrated a substantial demand for specialized services.
At the same time, CoinDCX has praised regulatory compliance in India for its critical role in increasing the participation of high-net-worth individuals (HNIs) in the Indian crypto market. It is important to note that the introduction of CoinDCX Prime represents a substantial evolution in the crypto landscape of India.
