Coinbase Invests in India’s CoinDCX at $2.45 Billion Valuation
MUMBAI, Oct 15 – Cryptocurrency exchange Coinbase Global announced that it had invested in CoinDCX, valuing the Indian platform at $2.45 billion after the deal. This investment marks another step in Coinbase’s continued engagement with India’s digital asset market. Moreover, it follows several previous rounds of funding through Coinbase Ventures, the company’s venture capital arm.
In April 2022, Coinbase Ventures joined a $135 million funding round for CoinDCX, which then valued the firm at $2.15 billion. Since that time, CoinDCX has steadily expanded its presence and user base. Consequently, its growth trajectory has strengthened its position in the region’s evolving cryptocurrency ecosystem.
CoinDCX’s Financial Standing and Market Growth
As of July 2025, CoinDCX reported an annualized group revenue of about $141 million. Additionally, its total assets under custody reached $1.2 billion, underscoring its growing influence in India’s digital finance sector. This development comes at a time when both regulatory scrutiny and investor interest in cryptocurrencies remain high.
Furthermore, the company continues to benefit from increased participation by local investors and the expanding awareness of blockchain technology. Because of these factors, CoinDCX has managed to sustain healthy market momentum despite global market volatility.
Broader Market Impact and Future Outlook
The latest investment highlights Coinbase’s strategy to strengthen its position in emerging markets through long-term partnerships. As the digital economy matures, collaborations between major global exchanges and regional players are expected to accelerate innovation. Overall, the move reflects growing confidence in India’s potential role within the international crypto landscape.
