Coinbase invests in Indian crypto exchange CoinDCX at $2.45 billion valuation
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FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
MUMBAI (Reuters) -Cryptocurrency exchange Coinbase Global said on Wednesday it had made an investment in CoinDCX, which the Indian crypto exchange said values it at a post-money valuation of $2.45 billion.
Coinbase Global's investment follows multiple rounds of investment in the Indian exchange by the firm's venture capital arm, Coinbase Ventures.
In April 2022, Coinbase Ventures participated in a $135 million fundraise for CoinDCX, which had valued the firm at $2.15 billion post-money.
As of July 2025, CoinDCX's annualized group revenue stood at about $141 million, while its overall assets under custody were at $1.2 billion.
"We believe India and its neighbors will help shape the future of the global on-chain economy. This transaction is subject to regulatory approvals and other customary closing conditions," Shan Aggarwal, chief business officer at Coinbase, said in a statement announcing the investment.
(Reporting by Jaspreet Kalra; Editing by Rashmi Aich)
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