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Coinbase invests in India’s CoinDCX at $2.45 billion valuation

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Coinbase Global announced on Wednesday that it has made a new investment in CoinDCX, valuing the Indian cryptocurrency exchange at $2.45 billion post-money. The move strengthens Coinbase’s presence in the South Asian crypto market, where India remains a growing hub for blockchain and digital assets.

The investment marks another step in Coinbase’s long-term partnership with CoinDCX, following multiple funding rounds led by its venture arm, Coinbase Ventures. In April 2022, Coinbase Ventures joined a $135 million fundraising round that valued CoinDCX at $2.15 billion.

As of July 2025, CoinDCX reported annualized group revenue of $141 million and $1.2 billion in assets under custody, signaling strong growth despite ongoing regulatory uncertainty in India’s crypto sector.

“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. He added that the deal remains subject to regulatory approvals and closing conditions.

Coinbase’s latest investment underscores a renewed wave of interest from global exchanges seeking exposure to India’s growing crypto and blockchain ecosystem, even as the country tightens oversight and explores the framework for a digital rupee.

Coinbase Registers with Indian Financial Watchdog to Offer Crypto Trading

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Coinbase Global, the U.S.-based cryptocurrency exchange, has registered with India’s Financial Intelligence Unit (FIU), paving the way for its entry into the Indian crypto market. This registration allows Coinbase to offer crypto trading services in compliance with India’s financial regulations. The company announced on Tuesday that it plans to launch initial retail services later this year, with further investments and product offerings to follow, though a specific timeline has not been disclosed.

India has seen a surge in cryptocurrency interest, particularly among young investors eager to explore digital assets as an alternative income source. Local crypto exchanges such as CoinDCX, Binance, and KuCoin already operate in the country.

“India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full compliance with local regulations,” said John O’Loghlen, Coinbase’s regional managing director for Asia Pacific.

Under Indian law, virtual digital asset service providers, including crypto exchanges, must register with the FIU as reporting entities and adhere to the country’s anti-money laundering regulations. While India imposes a 30% tax on crypto trading gains—one of the highest globally—it has yet to establish comprehensive regulations for the sector.

The government’s stance on cryptocurrencies is under review, influenced by evolving global regulations and recent U.S. policy changes, particularly following Donald Trump’s presidential victory last year. A senior official indicated last month that India is closely monitoring international trends before finalizing its approach to crypto regulation.

CoinDCX Launches Rs. 50 Crore Investor Protection Fund in Response to WazirX Hack

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CoinDCX Pioneers Investor Protection with Rs. 50 Crore Fund Pool for Enhanced Security Devamını Oku