Coinbase Boosts Indian Crypto Scene with $2.45 Billion Investment in CoinDCX

ago 6 hours
Coinbase Boosts Indian Crypto Scene with $2.45 Billion Investment in CoinDCX

Coinbase Global has announced a significant investment in CoinDCX, an Indian cryptocurrency exchange. This investment places CoinDCX’s post-money valuation at an impressive $2.45 billion.

Details of Coinbase’s Investment in CoinDCX

The announcement was made on October 15, 2023, highlighting Coinbase’s ongoing support for the Indian crypto market. This investment comes after Coinbase Ventures previously participated in a $135 million fundraising round for CoinDCX in April 2022, which valued the company at $2.15 billion.

Impact on CoinDCX’s Financial Status

As of July 2025, CoinDCX reported an annualized group revenue of approximately $141 million. The exchange also has about $1.2 billion in assets under custody. These figures underscore the rapid growth and increasing prominence of CoinDCX within the cryptocurrency sector.

Statements from Coinbase Executives

Shan Aggarwal, the Chief Business Officer at Coinbase, expressed optimism about the potential of the Indian market. He noted that India and its neighboring regions would play a crucial role in shaping the future of the global on-chain economy.

Regulatory Considerations

This investment is contingent upon receiving necessary regulatory approvals and meeting customary closing conditions. Such factors are vital in navigating the evolving landscape of cryptocurrency regulations in India.

Conclusion

Coinbase’s involvement in CoinDCX not only boosts the Indian crypto landscape but also reflects the growing interest from global investors in this emerging market. As the cryptocurrency sector continues to evolve, investments like this one signal a significant shift towards mainstream acceptance and infrastructure development in India.