Indian exchange CoinDCX cements crypto educational agenda

Despite concerns about possible anti-crypto legislation in the near future, Indian crypto firms are rolling out educational programs and professional training for the crypto-curious. 

Cryptocurrency exchange CoinDCX announced on Sept. 2 that it will be integrating into an online training and blockchain certifications course run by an organization called Blockchain Council. 

Two specialized courses in cryptocurrency training and expertise will be offered through the new partnership. These will extend CoinDCX’s existing educational platform, “DCX Learn” and will offer trainees practice sessions using the exchange’s interface for simulated trading experience.

The new trading and cryptocurrency expertise courses will complement the Blockchain Council’s existing certifications in blockchain technology, Bitcoin, Ethereum and Hyperledger. 

In a statement, Blockchain Council’s executive director, Toshendra Sharma, said that the organization’s curricula aim to be “industry-oriented and career focussed.” 

Sharma believes that the partnership with a cryptocurrency exchange will ensure that the training on offer is “realistic and up-to-date” with the latest developments in the field.

According to CoinDCX, the highest demand for professionals in the cryptocurrency in the field is concentrated in Bengaluru, in the southern state of Karnataka.

The educational program extends the exchange’s commitment to heightening awareness and broadening adoption of cryptocurrencies in the country; in March, CoinDCX had allocated $1.3 million to a long-term project dubbed TryCrypto. 

The initiative's goal is to introduce 50 million Indian users to the cryptocurrency and blockchain sector.  

In the first half of 2020, the exchange had closed a $3 million Series A round with funding from Bain Capital, as well as securing $2.5 million in strategic investment from Coinbase and Polychain Capital.

This climate of investment and optimism tallies with the Indian Supreme Court repeal of a ban on banks’ dealings with crypto firms this March, which had been in force since July 2018. 

While the repeal sparked a boom in exchanges and user interest, the crypto regulatory and legal climate remains uncertain, as authorities reportedly mull alternative frameworks to restrict the trading of digital assets.