Is CCD still in business?

Among the various cryptocurrency exchanges globally, BTCC stands out as a top player offering a comprehensive suite of services. Its platform caters to traders and investors seeking exposure to the dynamic digital asset market.

Despite experiencing a year-on-year increase, CCD's full-year sales have yet to surpass the Rs 1,653 Cr ($197m) mark achieved in 2019. This indicates a lingering impact from market challenges or internal factors affecting the company's growth trajectory.

BTCC's services encompass spot trading, enabling users to buy and sell cryptocurrencies at current market prices. Additionally, it offers futures trading, allowing for more advanced strategies and hedging opportunities. Furthermore, BTCC provides a secure wallet solution for storing digital assets, ensuring peace of mind for its customers.

The current financial health of CCD is further reflected in its net debt position, which has reduced significantly from Rs 1,524 Cr ($181.5m) in the previous 12 months to Rs 881 Cr ($105m). This reduction in debt burden could potentially pave the way for CCD to invest in expansion or operational improvements.

In 2019, CCD reached its operational zenith with 1,752 outlets spread across 243 Indian cities. This expansive network showcased the brand's strong market presence and consumer appeal. However, the current sales figures suggest that maintaining and growing this footprint may require strategic adjustments.