Coinbase is expanding its presence in the cryptocurrency markets of India and the Middle East by investing in the exchange CoinDCX, whose valuation has reached $2.45 billion.
This is reported by Finway
Investments and Development Strategy
The cryptocurrency exchange Coinbase has made an investment in the platform CoinDCX, which operates in Mumbai. While the amount of the investment has not been disclosed, it is known that CoinDCX’s market valuation has increased to $2.45 billion following this deal. This is part of the continuation of a previous investment round from Coinbase Ventures.
The previous funding round for CoinDCX involved Pantera Capital and Steadview Capital Management, with the investment amount reaching $135 million and the company’s valuation at $2.15 billion.
CoinDCX: Market Position and Prospects
CoinDCX is one of the leading cryptocurrency exchanges in India. The annual revenue of the commercial group it belongs to is approximately $141 million, and the number of users on the platform reached 20 million by the end of August 2025.
Coinbase’s investment is linked to the company’s desire to strengthen its position in the markets of India and the Middle East, which are characterized by active cryptocurrency adoption and significant potential for further industry development.
“This investment is part of Coinbase’s strategy for expansion in India and the Middle East. The company believes that this region is crucial for the future development of the market and is distinguished by a high level of cryptocurrency asset adoption.”
However, the deal is not yet finalized and awaits approval from regulatory authorities. Details regarding the amount and terms of the investment have not been disclosed.
Earlier, there were reports of potential negotiations for Coinbase to acquire CoinDCX for around $1 billion, but CoinDCX CEO Sumit Gupta officially denied these rumors.
In July 2025, CoinDCX fell victim to a large-scale hack of its operational wallet, losing over $44 million. It was later revealed that the incident was caused by malware installed on the laptop of one of its employees.