CoinDCX, the Indian crypto exchange, has released a monthly transparency report for July 2025. The report shows proof of reserves, investor protection initiatives, tax compliance, platform development, security incidents, and new developments.
As of July 24, 2025, CoinDCX had total holdings of $731.1 million, including $541.64 million in blockchain reserves and $189.46 million kept by partners. The Crypto Investor Protection Fund (CIPF), established to protect users during times of crisis, increased to ₹69.74 crore in July, which is 16% higher than June 2025.
In July, the platform remitted ₹20.05 crore as TDS (tax deducted at source) to the government of India, which is 37.5% higher compared to the previous month. Further, the number of registered users on CoinDCX reached the 2 crore mark in July at 20,153,514 accounts, a 2.93% month-on-month increase.
Product Listings and Updates
In July, the exchange launched its Expert Picks feature, which provides vetted futures trading signals to assist users in making well-informed decisions. The platform also onboarded additional liquidity providers, widening order books and providing improved execution for traders.
CoinDCX also added five new tokens, SAHARA, LA, ERA, Chain Base, and PUMP, to increase trading possibilities. The total spot trading volumes also jumped by 109.8% compared to June.
Security Incident and Future Plans
On July 19, an internal liquidity provisioning account on one of CoinDCX’s partner exchanges was hacked in a sophisticated server breach, leading to a loss of approximately $44.2 million.
The attacker allegedly topped up their wallet with 1 ETH using Tornado Cash and transferred some of the stolen money from Solana to Ethereum. CoinDCX confirmed that no customer funds were impacted and took the loss from its own treasury. As a result of this though, the platform integrated additional security controls.
CoinDCX also plans to deliver more trader-centric updates, improve its infrastructure, and be entirely transparent. The exchange welcomed its growing user base’s support, especially in the face of recent challenges.
Also Read: CoinDCX Resumes Withdrawals After $44 Million Hack: ET
