Coinbase Announces Investment in India’s Largest Crypto Exchange CoinDCX

By Hannah Perez

After denying rumors that it was in the process of acquiring CoinDCX, Coinbase is now revealing a capital injection into the exchange as it works to expand its presence in India and the Middle East.

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• The investment will raise CoinDCX’s valuation to $2.45 billion.
• Coinbase did not disclose the size of the injection, but said it builds on previous investments.
• In July, Coinbase denied rumors that it was in talks to acquire the Mumbai-based exchange.
• The investment is part of Coinbase’s efforts to expand in the Indian market and the Middle East.

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🚀 Coinbase invests in CoinDCX, India’s largest crypto exchange.

The investment brings CoinDCX’s valuation to $2.45 billion.

This move seeks to expand Coinbase’s presence in India and the Middle East.

CoinDCX has more than 20 million users and has… pic.twitter.com/zYGRX6ccDv

— Diario฿itcoin (@DiarioBitcoin) October 15, 2025

Coinbase Globalthe leading US cryptocurrency exchange platform, is expanding its investment in CoinDCXone of the exchanges India’s largest companies, in a strategic move to deepen its presence in India and the Middle East.

In a statement posted on his blog on Wednesday, Coinbase detailed that the investment is presented as an extension of the most recent financing round of CoinDCX. Once completed, the injection will raise the Indian company’s valuation to USD $2.45 billionsubject to regulatory approvals and customary closing conditions.

CoinDCXbased in Mumbai, is an exchange focused on retail users that has seen significant growth, reporting over 20 million users, annualized revenue of approximately 11.8 billion rupees (equivalent to US$141 million), annualized transaction volumes of 13.7 trillion rupees (US$165 billion), and assets under custody exceeding 10 billion rupees. (USD $1.2 billion) until July 2025.

The company has expanded its operations in the Middle East, including acquisitions such as BitOasisand is positioned as a leader in the region thanks to its focus on trust, regulatory compliance and security.

A “vote of confidence” for CoinDCX

The announcement highlights the potential of India and the Middle East in the crypto ecosystem, regions with more than 1.4 billion inhabitants, rising technological adoption and more than 100 million cryptocurrency owners.

Shan Aggarwal, Business Director of Coinbasedescribed the investment as a “long-term bet on the role of India and the Middle East in the onchain economy“, citing the population scale, the increase in technological adoption and the large base of crypto users.

For his part, Sumit Gupta, co-founder and CEO of CoinDCXdescribed it as a “vote of confidence” in its mission to build a trusted and compliant platform in India, the UAE and beyond. Gupta added that the funds will accelerate product launches, market expansions and security improvements, including the growth of its Web3 Okto product suite.

Coinbase strengthens its presence in India

This investment is based on previous participations of Coinbase Ventures in CoinDCXdating back to 2020, and follows a $135 million round in April 2022, led by Pantera Capital and Steadview Capital Managementwhich valued the company at $2.15 billion. Although the exact amount of the new injection was not revealed, spokespersons for both companies confirmed that the agreement seeks to make cryptocurrencies more accessible, useful and reliable for millions of people in these emerging regions.

The development comes after in July, Coinbase denied reports that it was in talks to acquire CoinDCX after it suffered a hacking attack that resulted in the loss of USD $44 million in cryptocurrencies.

The regulatory environment in India has been challenging, with a punitive tax regime reducing trading volumes, but there are signs of a possible turnaround by regulators, which could fuel a resurgence in the sector.

Coinbasewhich registered with India’s Financial Intelligence Unit in March to offer crypto trading services, joins other global giants such as Binance and Bybit in its expansion into this promising market. This movement reinforces the belief of Coinbase in the fundamental role of these regions in the global economy based on Blockchain.

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Article written with the help of AI, edited by DailyBitcoin

Image from Unsplash

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