Coinbase To Raises Stake in CoinDCX, Valuing Indian Crypto Exchange at $2.45 Billion

US-based cryptocurrency platform Coinbase is set to invest further in indian crypto exchange coindcx. Subject to regulatory approvals and standard closing conditions, this funding extends CoinDCX’s previous round and will value the company at $2.45 billion after the investment.

CoinDCX said the new investment strengthens its position in India’s digital asset market. The funding will help expand its product offerings, introduce new on-chain use cases in India, and support its international growth. The company recently entered the Middle East and North Africa by acquiring BitOasis in 2024.

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“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, backed by investors like Polychain, Bain Capital, Jump Capital, Pantera, and Steadview, serves over 20 million users with more than 500 crypto assets and 200 trading pairs. The Bengaluru-based company has over 400 employees.

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