Crypto exchange CoinDCX is seeing a fresh round of churn at the top. Chief technology officer (CTO) Vivek Gupta and legal head Tushar Tarun have resigned at a time when the startup is eyeing global expansion.
Gupta, who has been with the firm for nearly five days, is expected to leave by June end, while Tarun, who joined a little over a year ago, exits a month later, sources told Moneycontrol.
“Our CTO, Vivek Gupta, who has been an integral part of CoinDCX’s journey for over five years, has decided to move on. Vivek played a pivotal role in building a world-class technology platform and scaling a 200+ member engineering team,” a CoinDCX spokesperson said, confirming the development.
“His efforts were instrumental in establishing a robust global engineering hub that continues to power our growth across India and international markets. We are deeply grateful for his contributions and wish him the very best in his next chapter. We will be announcing Vivek’s successor shortly.”
Entrackr was the first to report the exits.
On the business front, CoinDCX launched virtual digital asset trading platform BitOasis in Bahrain, as a part of its larger Middle East and North Africa (MENA) region expansion strategy, eyeing 30 percent of its revenue from there by 2026. CoinDCX, which has over 15 million users, acquired BitOasis in 2024.
The spokesperson said CoinDCX has see remarkable growth over the past year, both in terms of user base and volumes, and remains bullish on the future of crypto.
“As awareness grows and regulatory clarity improves, we expect continued momentum and broader investor participation in this space. As we gear up for our next phase of growth and international expansion, we are actively ramping up hiring across critical functions and further strengthening our leadership team to support this vision,” the spokesperson said.
According to media reports, the government will release a crypto discussion paper this month to seek feedback and comments from the industry stakeholders in a bid to bring regulations and certainty to the crypto industry.
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