Latest news with #SumitGupta
Yahoo
5 days ago
- Business
- Yahoo
Indian Crypto Exchange CoinDCX Denies Moving User Funds After WazirX Allegations
"Please don't fall for misinformation," Indian crypto exchange CoinDCX's Co-founder and CEO, Sumit Gupta, said Saturday amid allegations that the exchange moved user funds to non-compliant entities in Lithuania. The allegation was reportedly made by another Indian exchange, WazirX, which has been under scrutiny since last year's $230 million hack. In an affidavit filed as part of the Singapore High Court proceedings (scheduled for a hearing on July 15, 2025), WazirX reportedly claimed that CoinDCX held user funds in a Lithuania-based entity that was not registered with India's Financial Intelligence Unit (FIU) until February 2025. Gupta denied these allegations in a message to CoinDesk, stressing that his India-based users' INR and crypto funds have always been held by Neblio Technologies, our FIU-IND registered entity, which is fully compliant with all Indian laws. "For the record: CoinDCX did not have any entity in Lithuania until Feb 2025. We only engaged with third-party entities to explore potential global expansion. No business was ever conducted by CoinDCX (Neblio Technologies) in Lithuania, and no user funds were ever moved to or held by any Lithuania-based entity," Gupta said. He added that the exchange updated its Terms of Use to make Neblio Technologies the formal contracting party on Feb. 7 this year, and the change was made to strengthen transparency and user trust. "We did this proactively so that CoinDCX users never face challenges like those seen during the WazirX episode. This approach safeguards users' interests, and we hope other Indian exchanges adopt the same standard," Gupta said, adding that the exchange "remains committed, as always, to user safety, transparency, and regulatory compliance.
Economic Times
7 days ago
- Business
- Economic Times
Mind Over Money – From Badminton to Boho Meditations: How CoinDCX's Sumit Gupta Recharges
Sumit Gupta, Co-Founder of CoinDCX, prioritizes mental clarity through mindfulness and physical activity to navigate the volatile crypto world. In the high-stakes world of crypto entrepreneurship, mental clarity is just as critical as business strategy. For Sumit Gupta, Co-Founder of CoinDCX, staying grounded amidst volatility is a conscious, daily practice. Whether it's through morning meditations guided by Boho Beautiful, an energizing game of badminton, or late-night walks with his wife, Sumit blends mindfulness with movement to recharge both mind and body. In this candid conversation for 'Mind Over Money' series, he shares how he structures his day for focus, the values that shape CoinDCX's culture, and why laughter, integrity, and intentional living are key to navigating the pressures of leadership. Edited Excerpts – Q) How do you keep yourself mentally fit? A) I genuinely believe that physical and mental fitness go hand-in-hand, especially if one wants to perform consistently at a high level. That said, mental fitness is even more critical in the unpredictable and often lonely journey of entrepreneurship. You're constantly making decisions with limited data, managing uncertainty, and balancing pressure, all of which takes a toll on your mental health if not managed me, regular workout sessions with my trainer, playing badminton, or even going for a night walk with my wife helps keep me physically and mentally active. And when it comes to mental clarity, I've found morning meditations to be really helpful -- Just 15 minutes a day before I start my day in the morning is good enough to reset and refocus.I feel mental fitness begins with awareness and we all as professionals spend a large part of our day with colleagues. So, at CoinDCX, we thought, why not find ways to drive discussions around fitness and motivate each other? That's how we started a few Slack channels around fitness, travel, and music. It's great to see how these channels have evolved. People share music playlists, meditation tips, healthy food recipes, weekend getaway plans, and even travel ideas. People across teams engage with each other for things other than work. This adds a human touch to work, and that really helps with mental well-being too. Q) What does your morning routine look like, and how does it set the tone for your day as a founder? A) My mornings are intentionally slow and mindful. It's the only part of the day I try to keep truly for myself.I begin by praying to God with a few mantras and folded hands. That short moment of gratitude and grounding sets the tone for everything that follows. Then I drink a glass of hot water with lemon, followed by a quick call with my parents and a 10-minute walk inside the house—just to get moving and freshening up, I spend 15 minutes in meditation, usually guided sessions from the BOHO Beautiful series. It's incredibly calming and helps me reset my focus before the day's noise kicks I shower, have a healthy heavy breakfast with lots of fluids, and catch up with what's happening around the world—whether it's global news, crypto markets, or trends on Twitter and LinkedIn. That blend of inner stillness and outer awareness helps me step into a day full of decisions, meetings, and movement with clarity and intention. Q) Any mindfulness practices or productivity hacks you swear by during high-stress moments? A) Yes. Two, actually. First, during high-stress moments, I turn to guided breathing, specifically the Wim Hof Method. There's a brilliant session on YouTube with over 100 million views that I keep going back to. Just a few minutes of focused breathing resets your nervous system and brings instant clarity. Second, I take a short break and talk to my family. Just being around them or having a quick call is a reminder of what really matters. It brings perspective and joy and helps me return to work with a lighter head and a fuller heart. As for productivity hacks, I never rely on memory alone. I maintain all my tasks digitally using the Microsoft To Do app, which syncs across all my devices. It's my second brain—where I dump everything on my mind in a written, structured format that drives me to take action. Once it's out of my head and into that list, I can move on with clarity. And I practice time-boxing: dividing my day into clear slots aligned with my top priorities—work, health, family. It ensures I stay focused and intentional with how I spend my time. Q) We hear you enjoy stand-up comedy! Has humour helped you navigate tough times as an entrepreneur A) Absolutely. I love watching stand-up comedy, whether it's live shows or during dinner with friends and family. Indian comedians are brilliant at creating content that's so relatable, and their ability to make people laugh through everyday struggles is truly underrated. It's one of my favorite ways to unwind and lighten the mood. As an entrepreneur, I've learned that uncertainty is the only constant. Things rarely go exactly as planned, and life throws curveballs more often than we'd like. In that kind of environment, humor becomes a powerful tool. You need intensity to build and lead but you also need the ability to laugh things off. That balance helps me stay grounded and resilient. A) For me, it's 'Do the Right Thing'. It's also one of our core values at operating in an industry that's so complex and still evolving. There are no playbooks, and that means the responsibility on us as builders is even higher. We're here to build for the long term, and that starts with earning trust from users, regulators, and our own it's staying compliant, being transparent, or putting the user first, integrity can't be optional. It has to be in the DNA of how we operate every single day. As entrepreneurs, we don't just build products, we build culture. And culture is built one decision at a time. A) Yes, big fan of chai! And also poha, thanks to my Indore roots. If I could sit down for a long 'chai pe charcha,' I think it would be with Satoshi Nakamoto. Imagine chatting with the person or a group of people who created Bitcoin. It's arguably one of the most disruptive innovations of our time, and yet what was going on in the founder's mind while creating it remains a complete mystery. I'd love to understand what inspired Satoshi, what they envisioned for the world when they wrote that whitepaper, and most intriguingly did they ever imagine that Bitcoin would reach this level of global adoption, influencing people, organizations, and even entire nations? (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
7 days ago
- Business
- Time of India
Mind Over Money – From Badminton to Boho Meditations: How CoinDCX's Sumit Gupta Recharges
In the high-stakes world of crypto entrepreneurship, mental clarity is just as critical as business strategy. For Sumit Gupta , Co-Founder of CoinDCX , staying grounded amidst volatility is a conscious, daily practice. Whether it's through morning meditations guided by Boho Beautiful, an energizing game of badminton , or late-night walks with his wife, Sumit blends mindfulness with movement to recharge both mind and body. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo In this candid conversation for ' Mind Over Money ' series, he shares how he structures his day for focus, the values that shape CoinDCX's culture, and why laughter, integrity, and intentional living are key to navigating the pressures of leadership . Edited Excerpts – Q) How do you keep yourself mentally fit? A) I genuinely believe that physical and mental fitness go hand-in-hand, especially if one wants to perform consistently at a high level. That said, mental fitness is even more critical in the unpredictable and often lonely journey of entrepreneurship. Live Events You're constantly making decisions with limited data, managing uncertainty, and balancing pressure, all of which takes a toll on your mental health if not managed well. For me, regular workout sessions with my trainer, playing badminton, or even going for a night walk with my wife helps keep me physically and mentally active. And when it comes to mental clarity, I've found morning meditations to be really helpful -- Just 15 minutes a day before I start my day in the morning is good enough to reset and refocus. I feel mental fitness begins with awareness and we all as professionals spend a large part of our day with colleagues. So, at CoinDCX, we thought, why not find ways to drive discussions around fitness and motivate each other? That's how we started a few Slack channels around fitness, travel, and music. It's great to see how these channels have evolved. People share music playlists, meditation tips, healthy food recipes, weekend getaway plans, and even travel ideas. People across teams engage with each other for things other than work. This adds a human touch to work, and that really helps with mental well-being too. Q) What does your morning routine look like, and how does it set the tone for your day as a founder? A) My mornings are intentionally slow and mindful. It's the only part of the day I try to keep truly for myself. I begin by praying to God with a few mantras and folded hands. That short moment of gratitude and grounding sets the tone for everything that follows. Then I drink a glass of hot water with lemon, followed by a quick call with my parents and a 10-minute walk inside the house—just to get moving and centered. After freshening up, I spend 15 minutes in meditation, usually guided sessions from the BOHO Beautiful series. It's incredibly calming and helps me reset my focus before the day's noise kicks in. Then I shower, have a healthy heavy breakfast with lots of fluids, and catch up with what's happening around the world—whether it's global news, crypto markets, or trends on Twitter and LinkedIn. That blend of inner stillness and outer awareness helps me step into a day full of decisions, meetings, and movement with clarity and intention. Q) Any mindfulness practices or productivity hacks you swear by during high-stress moments? A) Yes. Two, actually. First, during high-stress moments, I turn to guided breathing, specifically the Wim Hof Method . There's a brilliant session on YouTube with over 100 million views that I keep going back to. Just a few minutes of focused breathing resets your nervous system and brings instant clarity. Second, I take a short break and talk to my family. Just being around them or having a quick call is a reminder of what really matters. It brings perspective and joy and helps me return to work with a lighter head and a fuller heart. As for productivity hacks, I never rely on memory alone. I maintain all my tasks digitally using the Microsoft To Do app, which syncs across all my devices. It's my second brain—where I dump everything on my mind in a written, structured format that drives me to take action. Once it's out of my head and into that list, I can move on with clarity. And I practice time-boxing: dividing my day into clear slots aligned with my top priorities—work, health, family. It ensures I stay focused and intentional with how I spend my time. Q) We hear you enjoy stand-up comedy! Has humour helped you navigate tough times as an entrepreneur A) Absolutely. I love watching stand-up comedy, whether it's live shows or during dinner with friends and family. Indian comedians are brilliant at creating content that's so relatable, and their ability to make people laugh through everyday struggles is truly underrated. It's one of my favorite ways to unwind and lighten the mood. As an entrepreneur, I've learned that uncertainty is the only constant. Things rarely go exactly as planned, and life throws curveballs more often than we'd like. In that kind of environment, humor becomes a powerful tool. You need intensity to build and lead but you also need the ability to laugh things off. That balance helps me stay grounded and resilient. Q) You talk a lot about building a people-first culture. What's one value that's non-negotiable at CoinDCX? A) For me, it's 'Do the Right Thing'. It's also one of our core values at CoinDCX. We're operating in an industry that's so complex and still evolving. There are no playbooks, and that means the responsibility on us as builders is even higher. We're here to build for the long term, and that starts with earning trust from users, regulators, and our own teams. Whether it's staying compliant, being transparent, or putting the user first, integrity can't be optional. It has to be in the DNA of how we operate every single day. As entrepreneurs, we don't just build products, we build culture. And culture is built one decision at a time. Q) We've heard you love chai. If you could share a cup with any thinker — dead or alive — who would it be and why? A) Yes, big fan of chai! And also poha, thanks to my Indore roots. If I could sit down for a long 'chai pe charcha,' I think it would be with Satoshi Nakamoto. Imagine chatting with the person or a group of people who created Bitcoin. It's arguably one of the most disruptive innovations of our time, and yet what was going on in the founder's mind while creating it remains a complete mystery. I'd love to understand what inspired Satoshi, what they envisioned for the world when they wrote that whitepaper, and most intriguingly did they ever imagine that Bitcoin would reach this level of global adoption, influencing people, organizations, and even entire nations? ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times )
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Business Standard
09-07-2025
- Business
- Business Standard
Bitcoin may hit $140k-$145k by Nov 2025: Sumit Gupta, Co-founder, CoinDCX
The availability of institutional-grade tools and improving regulatory clarity is encouraging a more sophisticated, professional investor base to participate in this evolving asset class Listen to This Article Sumit Gupta, Co-founder of CoinDCX, a crypto trading platform, believes that Bitcoin (BTC) has entered the second half of 2025 with strong tailwinds and expects the flagship cryptocurrency to reach a new all-time high. In an email interview with Kumar Gaurav, Gupta shares his views on the outlook for cryptocurrencies. Edited excerpts: Bitcoin touched an all-time high in May but fell below $100,000 before rebounding. What's driving this volatility? Bitcoin's pullback after hitting an all-time high in May wasn't unexpected. Historically, whenever Bitcoin breaks new ground, a period of heightened volatility often follows. This time was no different. Around May 21, geopolitical
Mint
21-06-2025
- Business
- Mint
Bitcoin 2.0 for India: Fad, Hedge, or the Future of Investing?
Focus Published 21 Jun 2025, 04:38 PM IST As equity traders and HNIs begin taking a closer look at digital assets, Bitcoin is rapidly evolving from speculative tech curiosity to a serious contender in long-term portfolios. In this interactive explainer, we build on an exclusive conversation with Sumit Gupta, where he shares why Indian investors are rethinking their allocation strategy—and how crypto is quietly entering the financial mainstream. Is Bitcoin now a mainstream asset, and how much should I allocate? Contact: Note to the Reader: Readers are advised that Crypto products and NFTs are unregulated and involve significant risks. There may be no regulatory recourse for losses arising from such transactions. Mint / HTDS and Mint shall not, in any manner, be responsible or liable for the content of the article, advertisement, including the views, opinions, announcements, declarations, or affirmations expressed therein, and are absolved from any legal action or enforceable claims. This content is for informational and awareness purposes only and does not constitute financial advice.
