Coinbase To Invest In CoinDCX, Widen Crypto Footprint In India

Global cryptocurrency exchange Coinbase has entered into an investment agreement with Indian crypto exchange CoinDCX. The funding by Coinbase, which is pending regulatory approvals and customary closing conditions, aims to deepen the crypto exchange’s presence in India’s digital asset ecosystem.

This funding round is an extension of CoinDCX’s previous raise, and once completed, will value the company at $2.45 billion post-money. According to a release by CoinDCX, the investment will help it enhance its product suite, introduce new on-chain use cases in India, enhance product innovation, grow its user base, expand into new markets, and strengthen educational initiatives.

CoinDCX had an annual revenue of roughly Rs 1,179 crore (around $141 million) as of July 2025, transaction volumes of about Rs 13.70 lakh crore (approx $165 billion), and assets under custody of more than Rs 10,000 crore (approx $1.20 billion). The platform has more than 20.40 million users.

Coinbase said in a blog that with over 1.40 billion people, growing tech adoption, and more than 100 million crypto owners, India and the Middle East are set to play a key role in the future of crypto, and CoinDCX is a high-growth, financially sound business built for scale at the centre of the region’s growth opportunity.

Commenting on the investment, Shan Aggarwal, chief business officer at Coinbase, said: “India and the Middle East are among the most dynamic regions for crypto adoption and innovation. We are excited to support CoinDCX’s continued growth and look forward to expanding our partnership in the months ahead.”

Sumit Gupta, Co-founder of CoinDCX, said that Coinbase has been an investor in the company since 2020 and described the latest capital infusion as a strong endorsement of CoinDCX’s long-term vision and responsible growth strategy.

He added, “Coinbase is globally recognised for building compliant-first crypto businesses. We see strong synergies with Coinbase in building a compliant and regulatory-friendly crypto ecosystem in India, MENA, and beyond.”