CoinDCX's Crypto Investors Protection Fund will enhance user security by allocating 2% of brokerage income annually to safeguard assets.
CoinDCX, one of India's leading cryptocurrency exchanges, has introduced the Crypto Investors Protection Fund (CIPF), aiming to establish a higher security standard within the Indian crypto market.
A press release shared with Cointelegraph states that the CIPF “is designed to compensate users for losses incurred in extremely rare scenarios.”
This user compensation includes “security breaches or other adverse events” and will feature an initial allocation of 50 crore rupees, worth around $595,800.
