Coinbase to Expand Investment in One of India’s Leading Crypto Platforms

Coinbase to Deepen Investment in India’s CoinDCX at $2.45 Billion Valuation

Coinbase has agreed to invest in CoinDCX, one of India’s largest cryptocurrency exchanges, in a deal valuing the company at $2.45 billion post-money. The transaction is pending regulatory approvals and other customary closing conditions, according to statements from Coinbase Chief Business Officer Shan Aggarwal and CoinDCX CEO Sumit Gupta.

Aggarwal framed the move as a long-term bet on India and the Middle East, highlighting the region’s population scale, rising tech adoption, and a growing crypto user base. The investment builds on Coinbase’s prior support via Coinbase Ventures and aligns with its expanding local operations and partnerships.

As of July 2025, CoinDCX reported annualized revenue of 11.79 billion rupees ($141 million), transaction volumes of 13.7 trillion rupees ($165 billion), assets under custody above 100 billion rupees ($1.2 billion), and a user base exceeding 20 million.

Gupta described the investment as an extension of CoinDCX’s previous fundraising efforts, noting Coinbase’s backing since 2020 as a vote of confidence in the company’s mission to build a trusted, compliant platform across India, the UAE, and beyond. He also highlighted growth initiatives, including the BitOasis acquisition and the expansion of the Okto Web3 product suite, with fresh capital aimed at accelerating product launches, market entries, and security measures.

For reference, in April 2022, CoinDCX raised $135 million at a $2.15 billion valuation, with participation from Coinbase Ventures, Pantera Capital, and Steadview Capital Management.

About The Author

ctleditor

See author's posts