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CoinDCX Centralizes Monitoring, Compliance, and Intelligence with Snowbit by Coralogix

About CoinDCX

Established in 2018, CoinDCX has become India’s preferred crypto exchange and a driving force in building the broader Web3 ecosystem. Trusted by over 1.4 core registered users, CoinDCX is on a mission to democratize investments in virtual digital assets and provide easy access to Web3 experiences. CoinDCX is recognized as contributing to the adoption of blockchain technology across the country.

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The Challenge:

CoinDCX needed to scale its operations while enhancing its security monitoring and compliance posture to meet global standards such as ISO 27001.

Before Snowbit, CoinDCX relied on fragmented security monitoring solutions including AWS cloudtrail and other cloud-native tools. Critical infrastructure, including identity management, endpoint detection, and digital asset storage, lacked unified monitoring, making it difficult to detect and respond to threats holistically.

Without a centralized cybersecurity team, CoinDCX had to rely partially on its broader tech team to handle security incidents, which took them away from their own critical functions. CoinDCX’s leadership recognized the need for a dedicated cyber defense function and sought a solution that could tackle this challenge, integrate smoothly with their tech stack, and provide a structured framework for information security.

Snowbit quickly emerged as the ideal partner to centralize security monitoring, enhance threat detection, and ensure compliance.

The Solution:

In order to centralize its monitoring, compliance and cybersecurity intelligence, CoinDCX onboarded Snowbit by Coralogix, leveraging its comprehensive cybersecurity suite, including SIEM (Security Information and Event Management), CSPM (Cloud Security Posture Management), and 24/7 support via the Snowbit MDR (Managed Detection & Response).

CoinDCX integrated its most critical systems like identity management, endpoint detection etc. and began deriving value from the platform almost immediately. Snowbit’s pre-built rule sets and quick-start integrations enabled CoinDCX to deploy default alerts and dashboards on day one, minimizing setup time and complexity. Over time, the CoinDCX team worked closely with Snowbit to refine the system by building new, customized rules, incorporating additional data sources, and keeping pace with evolving threats.

CoinDCX leveraged the Coralogix SIEM platform for centralized threat monitoring and log correlation, integrating critical data sources like cloud infrastructure(AWS), endpoint detection, identity management, and CoinDCX’s secure digital asset infrastructure to create a unified security posture. Our CSPM automated compliance checks for standards like ISO 27001, providing deeper insights into misconfigurations and enhanced audit readiness. Additionally, the managed services team provided 24/7 support as CoinDCX’s L1 security layer, freeing up the in-house team to focus on custom rule creation and infrastructure-specific optimizations.

The scalability of Snowbit’s platform enabled CoinDCX to handle its growing data ingestion volumes seamlessly, achieving a 4x increase in monitored data without compromising performance. This partnership also strengthened CoinDCX’s ROI through cost-effective monitoring, enhanced compliance, and expert support.

CoinDCX leveraged Snowbit’s comprehensive security offering to create a unified and proactive defense strategy.

Results & Benefits:

CoinDCX achieved significant advancements in its cybersecurity capabilities with Snowbit, including:

  1. Centralized Threat Monitoring with SIEM: The Coralogix SIEM reduced fragmentation and improved detection speed through a unified platform, enabling rapid anomaly detection, custom dashboards, and faster threat response. Querying all logs through one interface reduced context-switching and improved the team’s overall efficiency.
  2. Enhanced Compliance with CSPM: CoinDCX became audit ready without the need for significant manual intervention. Automated, continuous compliance checks minimized manual overhead while providing deeper assurance against industry benchmarks and internal standards.
  3. 24/7 Monitoring and Threat Intelligence: With around-the-clock MDR services and global threat intelligence, CoinDCX’s in-house teams focused on strategic improvements rather than routine monitoring.
  4. Quick-Start Integrations and Pre-Built Rules: Snowbit’s pre-built alerts and dashboards streamlined the onboarding process, allowing CoinDCX to begin monitoring critical systems immediately. AWS logs were integrated seamlessly with default rule sets deployed from day one. Ongoing global threat research and proactive updates ensured that emerging attack vectors and misconfigurations were continually addressed through new and refined rules.
  5. Cost Efficiency and Scalability: Snowbit effortlessly managed a 4x increase in data ingestion without performance issues, ensuring robust threat detection, high ROI, and controlled costs.

Expert Guidance and Knowledge Transfer: Snowbit’s team continues to provide CoinDCX with ongoing guidance offering their expertise in managing complex security environments. By freeing up CoinDCX’s team from time-intensive global threat research, Snowbit enabled them to focus on deeper infrastructure analysis and the creation of custom security rules.

Summary

With Snowbit, CoinDCX transitioned from a fragmented and reactive security setup to a proactive, unified system that is a strong foundation of its cyber defense strategy. By automating monitoring, enhancing compliance, and empowering CoinDCX’s in-house team, Snowbit has become an integral part of CoinDCX’s mission to maintain trust and safety in the cryptocurrency space.