Coinbase has made a new strategic investment in CoinDCX, India’s leading crypto exchange, as part of its broader expansion across India and the Middle East. According to Bloomberg, the latest funding round values CoinDCX at approximately $2.45 billion.
This investment was made through Coinbase Ventures, continuing the firm’s previous support of the Indian platform. Earlier, CoinDCX raised $135 million at a valuation of $2.15 billion, led by Pantera Capital and Steadview Capital Management.
Coinbase’s move highlights its focus on emerging crypto markets with strong adoption rates and regulatory potential. The company views India and the Middle East as pivotal regions for the next phase of digital asset growth.
Founded in Mumbai, CoinDCX has become one of India’s largest cryptocurrency exchanges. The platform’s parent company reported annual revenue of around $141 million, with its user base reaching 20 million by the end of August 2025.
The deal has not yet been finalized and remains subject to regulatory approval. Neither Coinbase nor CoinDCX disclosed the exact size of the investment or its terms.
Earlier reports suggested that Coinbase was considering a full acquisition of CoinDCX for roughly $1 billion, but CEO Sumit Gupta later denied those claims.
In late July 2025, CoinDCX suffered a security breach resulting in losses of over $44 million, reportedly due to malware found on an employee’s laptop.
