by Rushali 
The Indian crypto space is growing day by day as more and more people are buying the dip, it has become the latest trend of the investing world “Buy the dip”…we are seeing a growth in the trading accounts and signups along with the memes online.
The Indian audience is getting more and more aware of the technologies behind the various cryptocurrencies available here in India and also the use cases behind each of them. This is helping a lot to make people understand that why everyone considers this as the future of currencies and not only that the use cases are not only limited to currencies but also extending to Defi, Dapps, smart contract etcetera.
Many people are also ready to invest some big numbers and platforms are being built especially for high-value traders and investors. Foreign investment firms based on cryptocurrencies are investing in exchanges in India, the biggest example is the Binance powered WazirX platform and DCX powerd Coin DCX platforms of exchange in India.
It is now somewhat safe to say that the banning of the whole cryptocurrency idea in India is a matter of the past now and I think the days are not very far from now when we can see some real regulations and Implementations coming from the government of India itself. I am not at all saying that this regulation and implementation of Crypto will happen anytime soon but, looking at the scenario now it is safe to say that it will not take much time and can be speculated for early 2022.
The timeline suggested by experts for the mass acceptance of cryptocurrency as a legal form of trading, investment, and technology to improve and build upon services is 2022 itself.
This has been only possible by the endeavors of influencers who have been working relentlessly in this field to make it a legit system here in India. The people who were visionary enough to see this as the future and were not caught by the negative biases of the whole framework.
Today we will talk about another such personality who made this revolution of a system possible in a negatively biased state like India and made it all the way possible and safe to trade and invest in this future of currencies with his constant efforts and work.
Let us dive deep into the life of Sumit Gupta, the CEO and one of the cofounders of your favorite CoinDCX cryptocurrency exchange and we will also try to look at his net worth and holdings.
Also Read : Sandeep Nailwal Networth
Introduction
Sumit Gupta was born and raised in Shivpuri, Madhya Pradesh, He is an IIT engineer who later turned into an entrepreneur after launching one of the few India’s largest firms.
He completed his formal education earning a Bachelor of Technology degree in electrical and electronics engineering from the esteemed Indian Institute of Technology (IIT), Mumbai and consecutively completing his masters of technology in the field of communications and signal processing from IIT itself.
He started his career with a college placement in Sony, Japan as a software engineer. Although this was not his first exposure to the professional world he has worked as an intern for various technology and construction companies such as L&T and Sony. He has also interned as a Data research analyst at Columbia Business school.
While working with Sony, he got many job offers from different cryptocurrency firms but, was not very interested in that field and slowly built an appetite for investment in cryptocurrency starting with bitcoin but, due to the liquidity issues the trading was not very fun.
Soon, he started his entrepreneurial journey from an engineer in Sonu to founding his own company and his first idea was to build something around the concept of Olx and Quickr but solving a major problem which was the trust among customers.
In 2016, Sumit laid the foundation for ListUp according to their linked in page the description goes like this “ListUp is a cool, new and fun way to buy & sell verified pre-owned electronics. Looking to sell anything you don’t use anymore? Want to buy something you always wanted? Discover through our amazing catalog of used products and place bids or chat with the seller to own them. “
At the time the chatting with the seller feature was not there in other platforms and it was also verified unlike Olx and Quickr where anyone can put up ads for anything so, he gained an edge over the competitors by introducing such features along with a bid system.
After this, and on researching a lot on blockchain and on developing a vision for space he saw a problem with Indian crypto apps and exchanges. The problem lied in liquidity and leveraged trading.
In 2018, Along with one of his friends he met in Kota while taking coaching classes for his IIT entrance he launched the cryptocurrency exchange CoinDCX as one of its cofounders and the CEO. Sumit took the problems of liquidity and lack of information in the Indian market into his own hands and launched the company with their own savings and later got funded by different multinational companies. The basic vision behind launching CoinDCX was that the trading and investing of cryptocurrencies shouldn’t be that hard for people here in India and he was also one of the first to introduce leveraged cryptocurrency trading here in India. The platform is recording a huge growth in numbers after the RBI ban lift in 2020 and is since grown exponentially.
Also Read :Nischal Shetty Net Worth
Sumit Gupta Networth
As of 2021 there is no verifiable information available on the present net worth of Sumit Gupta as the field of cryptocurrencies is fairly new here in India and also it has been just a couple of years after the launch of CoinDCX but, we are working on it and will be posting the networth once we have some concrete information.
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