CoinDCX hires ex-Wells Fargo Divakar Prayaga to lead Information Security

Rick Steves

CoinDCX was launched in 2018 and has rapidly become one of the most popular crypto trading platforms in India, serving more than 7.5 million Indian users. 

CoinDCX has appointed ex-Wells Fargo Divakar Prayaga as Senior Vice President & Head of Information Security, a key role in building, scaling, and sustaining the firm’s systems to enable a seamless and safe trading experience.

The former Head of Cyber Defence at e-commerce giant Flipkart and the Vice President of Cybersecurity at Wells Fargo joins India’s first crypto unicorn in a time when the digital asset industry continues to onboard executives from traditional finance.

Information security is critical in world of crypto and blockchain

Steer CoinDCX’s information security strategies and governance processes will be Prayaga’s main job as well as spearheading an inclusive and comprehensive data protection programme to support development, research, and administrative information systems and technology.

Besides acting as Senior Vice President & Head of Information Security, Divakar will chair the Information Security Advisory Committee and lead the Information Security Liaisons.

Neeraj Khandelwal, Co-Founder of CoinDCX, said, “In the digital first world of crypto and blockchain, information security is critical to ensuring customers enjoy uninterrupted access to digital assets and a safe trading experience. Divakar will be the lynchpin in advancing CoinDCX’s security systems and furthering our position as India’s safest crypto exchange, fostering a security first approach for the sector at large.”

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Serving over 7.5 million customers

Prayaga joins CoinDCX after an extensive career building and scaling information security and cybersecurity protection major companies such as Wells Fargo, Wipro, Unisys, and IBM.

Divakar Prayaga, Senior Vice President & Head of Information Security at CoinDCX, commented: “With crypto being at the forefront of the future of finance, I am thrilled to step into an exciting sector to enhance CoinDCX’s security posture and contribute to the industry’s developing information security landscape. As the crypto and blockchain industry is underpinned by digital technologies, information security is more paramount than ever to protect customers and companies alike from cyber attacks and exploits. I am delighted to join the nation’s leading powerhouse and to bring my experience to strengthen safety and security standards for the ecosystem.”

CoinDCX was launched in 2018 and has rapidly become one of the most popular crypto trading platforms in India, serving more than 7.5 million Indian users.

The firm reaches unicorn status on its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital. CoinDCX is backed by investors such as Polychain Capital, Temasek, Bain Capital Ventures, and HDR Group, operator of BitMEX.

CoinDCX is ISO Certified and completely KYC/AML Compliant. The firm has partnered with Bitgo for custodian services and with Onfido to protect users against user identification fraud.

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