CoinDCX Launches Crypto Investors Protection Fund to Safeguard Users
CoinDCX, India's Leading Cryptocurrency Exchange, Introduces Crypto Investors Protection Fund
CIPF Will Compensate Users in Case of Malpractice by Employees
WEB CoinDCX, one of India's leading cryptocurrency exchanges, has announced the launch of the Crypto Investors Protection Fund (CIPF), a Rs 50 crore fund established to compensate users in the event of malpractice by employees.
The CIPF is a significant step towards building long-term trust in the Indian cryptocurrency industry. It will be available to all users who have traded on CoinDCX and will provide compensation for losses incurred due to employee fraud or negligence.
This is the first-of-its-kind initiative by any cryptocurrency exchange in India and demonstrates CoinDCX's commitment to protecting its users.
CoinDCX is one of the most prominent crypto currency exchanges in India, with over 10 million users and a trading volume of over $3 billion per month.
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