Coinbase announced a fresh strategic investment in the crypto exchange CoinDCX to expand its presence across the high-growth markets of India and the Middle East.
This latest investment follows Coinbase’s previous participation in multiple CoinDCX funding rounds via its venture arm, Coinbase Ventures, starting in 2020. While the specific financial terms were not disclosed, CoinDCX Co-founder and CEO Sumit Gupta stated the transaction values the exchange at $2.45 billion post-money. The deal is pending regulatory approval.
Coinbase’s Chief Business Officer, Shan Aggarwal, emphasized the importance of the deal, noting that “India and the Middle East are set to play a big role in the future of crypto,” and CoinDCX is positioned to capitalize on this massive growth.
Founded in 2018, CoinDCX is a major player in the region, boasting:
- Over 20.4 million users.
- $165 billion in annualized transaction volumes as of July.
- Over $1.2 billion in assets under custody.
- $141 million in annualized revenue.
The announcement comes despite recent security challenges faced by the Indian crypto sector, including a $44 million exploit CoinDCX suffered in July after a social engineering attack on one of its engineers. This incident followed a larger 230 million exploit at another prominent Indian exchange, WazirX, a year prior.
October 2025, Cryptoniteuae
