Coinbase Global Inc., a leading U.S.-based cryptocurrency exchange, has announced a fresh investment in Indian crypto platform CoinDCX, elevating its valuation to $2.45 billion.
This move underscores Coinbase’s continued commitment to expanding its presence in India and the broader Middle East region, both of which are witnessing significant growth in crypto adoption.
The latest funding round is an extension of CoinDCX’s previous Series D round, which in April 2022 raised $135 million at a $2.15 billion valuation. As of July 2025, CoinDCX reported annualized group revenue of approximately $141 million and held $1.2 billion in assets under custody.
Shan Aggarwal, Chief Business Officer at Coinbase, emphasized the strategic importance of India and its neighboring regions in shaping the future of the global on-chain economy. He noted that the investment is subject to regulatory approvals and customary closing conditions.
Coinbase’s involvement with CoinDCX dates back to 2020, and this latest investment further solidifies their partnership. The funds are expected to bolster CoinDCX’s infrastructure, enhance product offerings, and support compliance initiatives, positioning the platform for sustained growth in a competitive market.
This development highlights the increasing interest of global crypto entities in India’s burgeoning digital asset ecosystem, despite ongoing regulatory discussions. The partnership between Coinbase and CoinDCX is anticipated to play a pivotal role in the maturation of India’s crypto landscape.
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