CoinDCX’s Monthly Transparency Report shows a dramatic surge in trading volumes in November, soaring from $200 million between June and October to $800 million during the month. This increase reflects the growing adoption of crypto trading on the platform. Investor-favourite tokens such as Dogecoin (DOGE), Bitcoin (BTC), XRP, Shiba Inu (SHIB), and Ethereum (ETH) continue to dominate market activity, driving momentum across the ecosystem.

Among the most traded tokens in November was DOGE at $52.2 million, representing 30.9 per cent of all tokens traded. Following close behind was BTC at $40.6 million (23.99 per cent), XRP at $27.3 million (16.15 per cent), SHIB at $27.1 million (16.03 per cent) and ETH at $21.9 million (12.9 per cemt).

Other highlights from the report include the company’s reserves, which stand at 3.12 per cent above customer holdings. All reserves are measured in total token holdings valued in USDT to offer transparency. The reserves were verified and certified by CoinDCX’s statutory auditor on December 11, 2024.

November was monumental for the crypto market, with Bitcoin crossing the $100,000 mark and reaching an all-time high of $104,000. This milestone was driven by strong market momentum, coinciding with other geopolitical events.

The CoinDCX Insurance Protection Fund (CIPF) has also grown to ₹57.5 crore, reflecting a 15 per cent increase since its inception in August this year.

“We have always strived to set new standards in the industry when it comes to transparency and security for our investors. After the FTX incident in 2022, when investors were seeking assurance about the safety of their assets, we introduced quarterly Proof of Reserves (PoR) and Proof of Liability(PoL) to build trust. Now, with more investors entering the space and believing in crypto, it’s our responsibility as an exchange to do our part in further building their confidence. I believe the Monthly Transparency Report is an important step in that direction,” said Sumit Gupta, Co-founder of CoinDCX.

Going forward, the monthly Transparency Report will continue to provide insights into market highlights, platform performance, and transparency metrics such as Proof of Reserve (PoR) updates and 1:1 fund ratios.

CoinDCX has over 15 million registered users. Through CoinDCX Ventures, the company has invested in over 15 innovative Web3 projects, reinforcing its dedication to the Web3 ecosystem.