New Delhi, Feb. 19 -- CoinDCX, an Indian cryptocurrency exchange, has announced an Employee Stock Ownership Plan (ESOP) buyback worth Rs.111 crore, benefiting more than 500 current and former employees.

Sumit Gupta, the co-founder of CoinDCX, made the announcement on LinkedIn, saying the initiative is aimed at delivering tangible value to employees and reinforcing the company's approach to an ownership-driven culture.

"Eight years ago, many people told us that building a crypto company in India was "risky". But where others saw risk, we saw a fundamental opportunity to shape the future of finance," he said, adding that the buyback intends to prove that resilience pays off.

He also noted that the buyback covers former employees, acknowl...