CoinDCX Surges 109.8% in July Trading Volumes Amid Robust Reserve Growth

CoinDCX, India’s leading cryptocurrency exchange, reported a 109.8% month-on-month surge in total spot trading volumes for July 2025, alongside a significant increase in its reserve holdings. According to the platform’s July 2025 transparency report, the exchange held total assets of $731.1 million as of July 24, including $541.64 million in blockchain reserves and $189.46 million held in partner accounts [1]. This report, which details proof of reserves, investor protection efforts, tax compliance, and platform updates, reflects the platform’s ongoing commitment to operational transparency [1].

The Crypto Investor Protection Fund (CIPF), a reserve designed to safeguard user assets during financial crises, increased to ₹69.74 crore in July, representing a 16% growth from June 2025. Additionally, the platform remitted ₹20.05 crore in tax deducted at source (TDS) to the Indian government, marking a 37.5% increase from the previous month [1]. With these figures, CoinDCX continues to reinforce its regulatory compliance and financial responsibility.

User growth also accelerated in July, with the number of registered accounts reaching 20,153,514, or 2 crore, reflecting a 2.93% increase from the prior month [1]. The platform introduced several product updates, including the Expert Picks feature, which offers vetted futures trading signals to users, and expanded its token listings to include SAHARA, LA, ERA, Chain Base, and PUMP, enhancing trading options for investors [1].

However, CoinDCX faced a security breach on July 19, when a liquidity provisioning account on one of its partner exchanges was hacked. The incident resulted in a loss of approximately $44.2 million, though the exchange confirmed no customer funds were affected and absorbed the loss from its own treasury [1]. The attacker reportedly used Tornado Cash to anonymize transactions, transferring stolen funds from Solana to Ethereum after topping up with 1 ETH [1]. In response, the platform implemented enhanced security measures to prevent similar incidents in the future [1].

Looking ahead, CoinDCX aims to roll out trader-centric features and infrastructure improvements while maintaining its transparency and resilience in the face of challenges. The platform expressed gratitude for its expanding user base, which has shown continued support despite recent security setbacks [1]. The surge in trading volumes and user growth underscores the platform’s expanding role in India’s rapidly evolving digital asset ecosystem.