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Institutional DMA with Prop Capital

About the DMA Product:

We offer direct market access (DMA) to top global exchanges like Binance, Bybit and OKX etc.

What it means:

You, as an institution, get top VIP tier sub-accounts which provides you access to

Lowest Fee

Low-Latency Endpoints (e.g. fapi)

Essentially there are two parts to it

Low taker fee: which is applied if the account does more than $25Bn in volume per month

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2. Maker Rebates: which is applicable if the account does minimum maker volume of 0.1% per week

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These fee charts are sourced from this link:

Open link

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While you don’t need to maintain all these tiers, you still get access to lowest taker fee and best maker rebates e.g. 1.53bps taker and -0.5bps maker

Consider it like a VIP entry pass to these grandeur exchanges

Well-suited for:

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High-frequency Trading Firms: Prop shops looking to execute Market Making strategies

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Systematic Hedge Funds : Save costs and get more out of your alpha

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Mid-frequency Prop Shops: Directional strategies which are churning high volume

What additional benefits you get from CoinDCX:

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Capital Services:

CoinDCX participates in your fund and provides it’s prop capital to trade

Access to $10,000 collateral-free margin for market makers

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Professional Services:

Comprised of experts from trading and technology

Client-specific bespoke solutions

Go-to-contact for everything post-onboarding

Personalized Support and proactive account management

Quick resolution for infrastructure, technical, bugs or complex requests

Commercials:

Brokerage: CoinDCX charges 0.2 basis points (0.002%) of brokerage on Min. of ($300Mn, 0.01% of Market Volume) per sub-account

Example: If you do $900Mn volume in a month in one sub-account, and say market was at $2Tn for that month, then we’ll charge you for Min. of ($300Mn, 0.01% of $2Tn) = $200Mn volume which equates to $4,000 per sub-account. Our fees doesn’t increase with your trading volumes. Consider it as a fixed cost of resource.

Grace Period: 30 Days of grace period and 50% discount on the above brokerage

Low-Latency APIs/MM Gateway/Colo: Different exchanges have different set ups, hence multiple names for that low latency access. We provide you access to best latency set-up for every 5 sub-accounts of that exchange.

Graduation: If the volume graduates from 0.01% to 0.1% of market - the brokerage will be re-negotiated

Prop Capital Interest: We charge flat 1% per month for the cost of capital facilitated. This is pretty standard rate in crypto industry e.g. Binance charges 16% for spot USDT loan. All 100% profits are owned by you, CoinDCX doesn’t take any share in your profits.

About CoinDCX

CoinDCX is the largest exchange in India with more than 15Mn users and it

acquired BitOasis⁠

last year to expand in MENA region.

Here’s a quick snapshot about the company

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3 countries and 3 licenses

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15Mn Users

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$1Bn+ Assets under Custody

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99% Assets in cold-wallet custody

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07 years since Inception

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$15Bn+ Monthly Retail Volume

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CoinDCX is backed with

$247Mn in funding⁠

by blue-chip investors

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TechCrunch Coverage

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Contact

Bhupendra leads global institutional business at CoinDCX. Previously, he cofounded a crypto trading platform called Density (seed $4.5Mn) and worked as CTO, Software Engineer, Head of Product at multiple startups. He has been closely connected with crypto ecosystem for the last 4 years and is an alumnus of IIT Kharagpur. Below are his coordinates.

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