Indian Crypto Exchange CoinDCX Appoints Divakar Prayaga as SVP and Head of Info Security

Job Appointments | January 13, 2022 By:

Indian cryptocurrency exchange CoinDCX has appointed Divakar Prayaga as Senior Vice President and Head of Information Security.

Founded in 2018, CoinDCX allows individuals to buy and sell cryptocurrency through a marketplace model. The aggregator aggregates global liquidity and trading services onto a single platform. The company claims to have a liquidity aggregation model integrated with top global exchanges including Binance, Huobi, and OKEx. CoinDCX has contributed to offering clients the security, insurance, and ease of buying and selling that they require so that trading bitcoin or other top cryptocurrencies is now a simple and painless procedure. With its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital, CoinDCX reached unicorn status becoming India’s first crypto unicorn start-up.

Prior to joining CoinDCX, Divakar was working as the Head of Cyber Defense at digital commerce firm Flipkart and the VP of Cybersecurity at Wells Fargo. He brings his expertise from the traditional financial industry to the future of finance, “forging greater trust and credibility within the wider crypto industry,” according to the release.

As Senior Vice President & Head of Information Security, Divakar will steer CoinDCX’s information security strategies and governance processes, and spearhead an inclusive and comprehensive data protection program to support development, research, and administrative information systems and technology. At the same time, he will chair the Information Security Advisory Committee and lead the Information Security Liaisons, championing information security within the crypto and blockchain industry.

“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,” Divakar said. “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.”

“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,” said Neeraj Khandelwal, Co-Founder of CoinDCX. “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.”