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Coinbase has made a new investment in Indian exchange CoinDCX to strengthen its footprint in Asia.
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The deal values CoinDCX at $2.45 billion and expands Coinbase’s presence across India and the Middle East.
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CoinDCX remains one of India’s largest and most resilient exchanges despite recent exploits.
Coinbase Expands in Asia
Coinbase has announced a strategic investment in CoinDCX, one of India’s largest crypto exchanges, at a $2.45 billion valuation. While terms weren’t disclosed, the move builds on Coinbase Ventures’ previous funding of CoinDCX since 2020.
“India and the Middle East are set to play a big role in the future of crypto,” said Coinbase’s Chief Business Officer Shan Aggarwal. “CoinDCX is well-positioned for scale in this region’s next growth phase.”
A Strong Regional Player
CoinDCX currently serves over 20 million users, processes $165 billion in annualized trading volume, and holds more than $1.2 billion in assets under custody. Despite past security incidents, including a $44 million hack in July, the company remains financially sound and regulatory compliant.
Strategic Impact
For Coinbase, the move extends its influence in regions where crypto adoption is rapidly growing but local exchanges dominate. The partnership could help introduce Coinbase products to Indian and Middle Eastern markets while reinforcing its global brand as regulatory clarity improves in the U.S.
