Surat, May 11, 2024: CoinDCX, India’s largest and the first FIU registered crypto exchange, hosted the ninth chapter of Namaste Web3, a Web3 education initiative. The theme of the edition organized in Surat is ‘Fostering wealth with next-generation investment opportunities.’
Mr. Sumit Gupta, Co-Founder of CoinDCX, stated, ‘Crypto has emerged as a new asset class, prompting Indian investors to diversify their portfolios. India is a leader in terms of crypto investors. Like any asset class, crypto is volatile with the potential for high returns, CoinDCX recognizes the importance of educating investors. The renewed interest in the crypto market stems from the anticipation of a bull run and key developments such as the SEC’s approval of Bitcoin ETFs and the recent Bitcoin Halving. These milestones are attracting institutional investors, which creates a trust factor and attracts new retail investors.’
Mr. Minal Thukral, EVP of Growth & Strategy at CoinDCX, added, ‘Surat is always at the forefront of new investment opportunities, including crypto. Therefore, we are organizing Namaste Web3 here. Understanding the fundamentals and underlying technology of crypto can help investors see beyond the speculative aspect and appreciate their long-term value proposition. Since crypto is a new asset class, investors must begin with a modest allocation and gain an understanding of the market. Like the stock market, crypto has blue-chip tokens, and to start with the investment, they must focus on blue-chip crypto assets. These assets, like Bitcoin, Ethereum, etc., are generally less volatile and address real-world problems.’
Apart from Crypto, Namaste Web3 in Surat will include discussions on other new age investment assets, including Real Estate Investment Trusts (REITs) and Startups. The sessions witnessed the participation of experts including Vikas Sachdeva, MD of Sundaram Alternates, Ajay Gard, MD of Equirus Capital, Ravi Kataria, MD of Investment Imperative group, Biren Vakil, Founder & CEO of Paradigm Commodity Advisor, and Jay Patel, Partner at White Ocean Investment.
A key feature of the speakers’ presentations was the emphasis on Gujarat and Surat’s pivotal roles in India’s dynamic investment terrain. Traditional investment approaches are being reshaped by emerging asset classes like Alternative Investment Funds (AIFs), Private Equity, Crypto, and Startup Investments. As India solidifies its stance as the world’s fastest-growing major economy, these asset classes stand as beacons of opportunity, promising investors unparalleled avenues for diversification and exponential growth.
The “Namaste Web3” roadshow series, an initiative launched by CoinDCX a year ago, has been designed to introduce Web3 to the Indian community and showcase the many benefits it can bring to businesses, individuals, and society as a whole. We’ve held roadshows across various cities and towns, featuring high-quality content and discussions from over 50 influential speakers. The response has been fantastic so far, with over 4,000 people registering and 1,500 actively participating in person, and hundreds of thousands of people through online channels.
