Coinbase Invests in CoinDCX, Valuing Indian Crypto Exchange at $2.45 Billion
Global cryptocurrency giant Coinbase Global (COIN.O) has announced a new investment in CoinDCX, one of India’s leading digital asset exchanges. The fresh funding round values CoinDCX at a post-money valuation of $2.45 billion, marking a significant milestone for the Indian crypto ecosystem. This move strengthens Coinbase’s presence in India and underscores growing global interest in the country’s digital finance sector.
Coinbase’s latest investment builds upon its earlier commitments through its venture capital arm, Coinbase Ventures, which participated in CoinDCX’s $135 million funding round in April 2022, valuing the company at $2.15 billion at the time. CoinDCX has since demonstrated steady growth, with annualized group revenue reaching $141 million and assets under custody totaling $1.2 billion as of July 2025.
Commenting on the development, Shan Aggarwal, Chief Business Officer at Coinbase, said the company believes that India and its neighboring countries will play a pivotal role in shaping the future of the global on-chain economy. The transaction, however, remains subject to regulatory approvals and other customary closing conditions.
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