Coinbase Global said on Wednesday that it has invested in CoinDCX, valuing the Indian cryptocurrency exchange at $2.45 billion post-money. The deal follows previous investments by Coinbase Ventures, the company’s venture capital arm, which participated in a $135 million round in 2022 that valued CoinDCX at $2.15 billion.
CoinDCX reported annualized revenue of $141 million and $1.2 billion in assets under custody as of July 2025, reflecting steady growth despite India’s evolving crypto regulations.
“We believe India and its neighbors will help shape the future of the global on-chain economy,” said Shan Aggarwal, Coinbase’s chief business officer, noting that the transaction remains subject to regulatory clearance and customary closing conditions.
The investment marks Coinbase’s continued expansion into Asia’s digital asset ecosystem, positioning CoinDCX as one of the region’s most valuable exchanges amid tightening government scrutiny and growing retail adoption of crypto trading.
