Coinbase has made a strategic investment in India’s leading crypto exchange, CoinDCX. This is part of its plan to expand its footprint across the Middle East and Asia. The deal was priced at $2.45 billion on the exchange.
Coinbase Expands Its Global Footprint With CoinDCX Investment
In a recent blog post, the US exchange announced the fresh investment in CoinDCX, one of India’s largest and most trusted cryptocurrency platforms. The exchange noted that this decision builds on previous funding rounds made through its venture capital arm.
While neither company disclosed the amount invested, it was reported that the round raised CoinDCX’s valuation from $2.15 billion in April 2022 to its current $2.45 billion.
According to the US exchange Chief Business Officer Shan Aggarwal, the decision reflects confidence in the region’s expanding crypto ecosystem.
“With more than 1.4 billion people and over 100 million crypto users, India and the Middle East are shaping the future of digital finance. CoinDCX has proven itself a financially sound, high-growth company with an impressive user base,” Aggarwal said.
This comes after, in July, rumours rose that the US exchange would acquire CoinDCX at a 60% discount from its $2.2 billion valuation. However, the exchange’s CEO dismissed the Coinbase acquisition rumors.
Founded in 2018, the Indian exchange’s latest performance figures highlight its dominance. As of July 2025, it reported $141 million in annualized revenues, over $165 billion in trading volumes, and over $1.2 billion in assets under custody.
The investment comes just months after CoinDCX recovered from a hack worth $44 million. They confirmed that the attack was the result of a server compromise, but assured users that no customer funds were affected.
Coinbase Reenters India After Two-Year Break
The investment follows Coinbase’s formal return to India’s crypto market earlier this year after halting operations in 2023. The company has now registered with India’s Financial Intelligence Unit (FIU). This enables them to offer trading services legally in the country.
It is worth noting that the US exchange is also an investor in CoinSwitch, another Indian crypto platform. This reflects its long-term commitment to supporting the region’s leading platforms.
The Indian crypto giant said in a statement that the new funding will be directed toward product innovation.
“This fresh capital helps us accelerate our vision and enables us to take bolder and more ambitious bets – strengthening our business across India and the UAE, entering new markets, launching new products in the broader web3 space,” CEO and co-founder Sumit Gupta shared.
Beyond India, the platform expanded into the Middle East and North Africa (MENA) last year through the acquisition of BitOasis.
