Coinbase Global Inc., a leading cryptocurrency exchange based in the United States, has announced an additional investment in India’s prominent crypto platform, CoinDCX. This strategic move elevates CoinDCX’s post-money valuation to $2.45 billion, underscoring Coinbase’s commitment to expanding its footprint in the rapidly growing Indian and Middle Eastern digital asset markets.
The investment is an extension of CoinDCX’s previous funding round and is subject to regulatory approvals and customary closing conditions. While the exact amount of the investment remains undisclosed, this development marks a significant increase from CoinDCX’s valuation of $2.15 billion during its $135 million fundraising in April 2022, which also saw participation from Coinbase Ventures.
Founded in 2018, CoinDCX has emerged as a leading player in India’s cryptocurrency landscape. As of July 2025, the exchange reported an annualized group revenue of approximately $141 million and managed assets under custody totaling $1.2 billion. The platform boasts a user base exceeding 20.4 million, reflecting its substantial growth and adoption among Indian crypto enthusiasts.
Coinbase’s Chief Business Officer, Shan Aggarwal, emphasized the strategic importance of this investment, stating, We believe India and its neighbors will help shape the future of the global on-chain economy. This sentiment highlights Coinbase’s recognition of the region’s potential in driving the next phase of cryptocurrency adoption and innovation.
This investment also signifies Coinbase’s broader strategy to strengthen its presence in the Indian market. In March 2025, Coinbase registered with India’s Financial Intelligence Unit (FIU), enabling it to offer crypto trading services in the country. This registration marked a pivotal step for Coinbase, allowing it to launch retail services and introduce additional products tailored to the Indian market.
CoinDCX has been proactive in expanding its services and geographical reach. In July 2024, the company fully acquired Dubai-based BitOasis, a crypto platform serving 15 countries in the Middle East and North Africa. This acquisition aimed to strengthen CoinDCX’s position in the region and enhance its service offerings.
The Indian cryptocurrency market presents a unique blend of opportunities and challenges. Despite regulatory uncertainties and a 30% tax on crypto trading gains, the country has witnessed a surge in crypto adoption, particularly among its tech-savvy youth. Coinbase’s continued investment in CoinDCX reflects a strategic bet on India’s potential to become a significant player in the global crypto economy.
CoinDCX’s co-founder and CEO, Sumit Gupta, expressed optimism about the partnership, stating, Coinbase’s decision to infuse more capital is a strong validation of our long-term vision and responsible growth strategy. This collaboration is expected to drive further innovation and compliance within the Indian crypto ecosystem.
As the cryptocurrency landscape continues to evolve, partnerships like that of Coinbase and CoinDCX are poised to play a crucial role in shaping the future of digital assets in India and beyond.
