An Indian cryptocurrency exchange, CoinDCX, has launched an educational platform to provide resources for cryptocurrency and blockchain educational content, the firm said in a blog post on 16 June.
According to the announcement, the new DCX Learn platform will act as a blockchain and a cryptocurrency academy by providing learning materials in the form of guides and articles, online courses, interactive lectures and free quizzes. Although the topics will focus on blockchain, cryptocurrencies, trading, economics and security, they will be tailored for all levels of crypto users, from novice to advanced.
Crypto and blockchain technologies are still not widely understood by the mainstream audience in India, considering the country’s central bank prohibited the use of the banking system for crypto-related payments in 2018. Now that the ban on banking access has been lifted by the Supreme Court, CoinDCX decided to remedy the lack of knowledge in the sphere.
CoinDCX’s CEO and Co-Founder, Sumit Gupta, said in a statement:
“With the potential to accelerate financial inclusion in India, as well as opening gateways to new forms of investing, cryptocurrencies can benefit everyone. However, for Indians to take full advantage of crypto, we need to lay the groundwork through appropriate education. With DCX Learn, we want to arm users with the knowledge necessary to navigate crypto markets.”
One of the goals of the learning platform is to educate users on how to protect their wallet’s private keys, and how to avoid falling victim to a scam. In addition, CoinDCX hopes that by providing education about blockchain it can help people ascertain whether applying it can improve their business. In order to explain the technologies concepts, the platform plans to use infographics, tutorial videos, and content targeted at beginners.
The launch of DCX Learn follows the firm’s $3 million Series A funding round, led by Bain Capital Ventures, Polychain, and HDR Group. Last month, the company also secured a strategic investment of an additional $2.5 million from Coinbase Ventures and Polychain Capital.