Coinbase Invests in Indian Crypto Exchange CoinDCX at $2.45 Billion Valuation
Cryptocurrency giant Coinbase Global has announced a strategic investment in Indian exchange CoinDCX, valuing the platform at $2.45 billion.
Key Investment Details
This marks Coinbase’s latest move in the Indian market, following previous investments through its venture arm, Coinbase Ventures. In April 2022, Coinbase Ventures participated in CoinDCX’s $135 million funding round that valued the company at $2.15 billion.
CoinDCX has demonstrated strong financial performance, with annualized group revenue reaching approximately $141 million as of July 2025. The exchange currently manages $1.2 billion in assets under custody.
“We believe India and its neighbors will help shape the future of the global on-chain economy. This transaction is subject to regulatory approvals and other customary closing conditions,” said Shan Aggarwal, Chief Business Officer at Coinbase.
The investment underscores growing confidence in India’s cryptocurrency ecosystem and its potential to drive global blockchain adoption.
