Majority Knows CoinDCX As The Leading Crypto Exchange

CoinDCX, India’s leading and most valuable crypto company, conducted an empirical study in 15 cities to understand the crypto awareness created by exchanges across India. The survey, which had more than 2,000 respondents across all platforms, was conducted in partnership with Kantar, the global leader in analytics and consulting.

The survey indicated that brand awareness is at 91%, which is almost universal and highest among crypto users compared to other crypto exchanges. While 74% of non-crypto users are also aware of CoinDCX. Over 41% of respondents, including both crypto and non-crypto users, said they spontaneously remembered CoinDCX, with 21% having a priority memory of the exchange. This was followed by other top exchanges around the world.

It is worth mentioning that awareness and app trials for CoinDCX are higher in the East Zone among crypto users. Additionally, the research indicated that consideration for CoinDCX as a brand is 79% among female crypto users compared to 67% among male crypto users. However, the lack of credible information and the jargons associated with investments make them reluctant to invest.

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The study highlights significant variations in the overall awareness, acceptance and perception of digital assets among different demographic and geographic segments in India. Having a simple interface as well as safety and security features in place were important hygiene factors that were considered by respondents for choosing CoinDCX as their preferred exchange. Overall, the research indicated that CoinDCX as an exchange stands out as a “user-friendly platform”, “ease of withdrawing money and “has the best referral program”.

Mr. Ramalingam S, Head of Brand, Marketing and Communications at CoinDCX said, “We are thrilled that our CoinDCX brand has the highest recall in the crypto industry. This speaks to our fundamental strategy; that education and awareness are essential to the growth of the crypto industry. Our education-focused content is designed to help the masses easily get acquainted with the fundamentals of crypto assets with the aim of building our faith in India’s financial inclusion. This resonated with the masses, making CoinDCX an affable and meaningful brand. At CoinDCX, we believe in building trust between our customers and investors and reinforcing our commitment to imbuing openness and transparency through marketing and communication efforts.

Notably, the research indicated that online channels such as websites, internet searches, social media influencers and content creators play a key role as the most important brand touchpoints among crypto users. While newspapers, online articles and stories are the top drivers among unencrypted users, the data also indicated that referrals from friends and family helped gain more trust.

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Majority Knows CoinDCX As The Leading Crypto Exchange

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