CoindCX registers major pairs and erupts the Indian crypto community

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CoindCX, India’s leading cryptocurrency exchange, has listed over 50 margin trading pairs without prior notice to users.

The sudden move promptly sparked rage across India’s crypto community, with traders taking them to social media and reporting that the action caused forced liquidation, economic losses and unexpected tax outcomes.

🚨🇮🇳breaking: #coindcx After 50 or more margin pairs disappear overnight, #coindcx
Traders woke up to liquidation, automatically booked profits, triggered TDS and had no chance to leave.
No protection. There is no accountability. Just a mess.
Will this change to another #wazirx? pic.twitter.com/pwjzqf1t5s
– The Crypto Times (@cryptotimes_io) July 3, 2025

Major trading pairs included in a sudden listing

Crypto Exchange announced its latest decision soon after its implementation, causing many users to suffer. Reports say that there was no more liquidity for BTC/USD, ETH/USD, XRP/USD and SOL/USD, so CoindCX did not exempt the top crypto trading pair from the movement. These pairs consist of the most liquid cryptocurrency pairs in the world.

In particular, the impact of CoindCX’s latest actions exceeded the wave of liquidation, causing unexpected taxes deducted in automated booking benefits and withholding (TDS) claims. Many Indian traders have expressed their disappointment at CoindCX, pointing their fingers to the regulators and the broader crypto community.

One such trader joined the X social media platform and was disappointed with CoindCX Crypto Exchange. Traders accused them of engaging in irresponsible exchanges and behaviours that are harmful to investors. According to users, Crypto Exchange was forced to sell cryptocurrency to traders to lose, causing economic harm to customers and exposed them to unfair taxation on forced exits.

Related: CoindCX founders welcome Indian crypto consultations and encourage industry collaboration

The latest developments involving CoindCX have led to increased dissatisfaction among cryptocurrency users in India. Most of them faced difficulties following the Wazirx hack a few months ago. Recently, the frustrated victims affected by the exploits have called for the Indian authorities to take action in sought the arrest of Crypto Exchange CEO Nishkar Shetty.

Related: The ruling India party talks about Bitcoin, CoindCX CEO Cheriers

The shocking move by CoindCX has exacerbated the frustration of Indian crypto traders, pushing the ecosystem into chaos. However, at the time of writing, there was no negative impact on the broader crypto market. TradingView data reveals that Bitcoin has maintained its upward trajectory with a sustained bullish momentum. The cryptocurrency traded at $109,450 at the time of writing.

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