Mumbai: CoinDCX, India’s first crypto unicorn and the nation’s safest crypto exchange, has announced the appointment of Divakar Prayaga as Senior Vice President & Head of Information Security. Divakar will play a key role in building, scaling and sustaining CoinDCX’s industry-leading security systems, enabling customers to enjoy a seamless and safe trading experience. Divakar was formerly the Head of Cyber Defence at e-commerce giant Flipkart and the Vice President of Cybersecurity at Wells Fargo and brings his wealth of expertise from the traditional financial sector to the future of finance, forging greater trust and credibility within the wider crypto industry.
As Senior Vice President & Head of Information Security, Divakar will now steer CoinDCX’s information security strategies and governance processes and spearhead an inclusive and comprehensive data protection programme to support development, research, and administrative information systems and technology. At the same time, Divakar will chair the Information Security Advisory Committee and lead the Information Security Liaisons, championing information security within the crypto and blockchain industry. Prior to joining CoinDCX, Divakar has had an extensive career building and scaling information security and cybersecurity protection for global conglomerates and Fortune 500 companies from the likes of Wells Fargo, Wipro, Unisys, and IBM.
Speaking of his appointment, Divakar said, “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.”
A pioneer in India’s crypto industry, CoinDCX has tracked unparalleled growth since it was launched in 2018. With aims to establish global financial inclusion using crypto-based products, CoinDCX has been developing borderless financial services that ensure a faster, simpler, and uninterrupted flow of capital. 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.
Commenting on Divakar’s appointment, 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.”