Coinbase to Increase Investment in India’s CoinDCX at $2.45B Valuation
Coinbase is set to invest in CoinDCX, one of India’s largest cryptocurrency exchanges, in a deal valuing the company at $2.45 billion post-money, pending regulatory approvals, according to statements from Coinbase Chief Business Officer Shan Aggarwal and CoinDCX CEO Sumit Gupta.
Aggarwal described the move as a long-term strategic bet on India and the Middle East, citing rising technology adoption, a growing crypto user base, and regional scale. The investment builds on Coinbase Ventures’ earlier support and aligns with expanding local operations.
CoinDCX reported annualized revenue of 11.79 billion rupees ($141M), transaction volumes of 13.7 trillion rupees ($165B), assets under custody over 100 billion rupees ($1.2B), and more than 20 million users as of July 2025.
Gupta framed the investment as an extension of prior fundraising and a vote of confidence in the team. Fresh capital will accelerate product launches, market expansion, and security initiatives, including the BitOasis acquisition and the Okto Web3 suite.
For context, CoinDCX previously raised $135M at a $2.15B valuation in April 2022, with participation from Coinbase Ventures, Pantera Capital, and Steadview Capital Management.
