US-based cryptocurrency platform Coinbase plans to invest more in Indian crypto exchange CoinDCX. This investment depends on regulatory approvals and standard closing conditions.
The funding will extend CoinDCX’s previous investment round and is expected to value the company at $2.45 billion after the deal.
CoinDCX stated that the new investment will strengthen its position in India’s digital asset market. The funding will help the company expand its product offerings and introduce new on-chain use cases in India.
The investment will also support CoinDCX’s international growth. Recently, the company entered the Middle East and North Africa by acquiring BitOasis in 2024.
“India and the Middle East are among the most dynamic regions for crypto adoption and innovation. We’re excited to support CoinDCX’s continued growth and look forward to expanding our partnership in the months ahead,” said Shan Aggarwal, chief business officer at Coinbase.
“Coinbase has been an investor in CoinDCX since 2020. Its decision to infuse more capital is a strong validation of our long-term vision and responsible growth strategy. We see strong synergies with Coinbase in building a compliant and regulatory-friendly crypto ecosystem in India, MENA and beyond,” said Sumit Gupta, cofounder, CoinDCX.
CoinDCX is backed by investors such as Polychain, Bain Capital, Jump Capital, Pantera, and Steadview. The platform serves over 20 million users and offers more than 500 crypto assets and 200 trading pairs.
The Bengaluru-based company has a team of over 400 employees, supporting its operations and growth in the crypto market.
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