On Wednesday, Coinbase revealed that it made a strategic investment in CoinDCX, which is India’s foremost cryptocurrency exchange. This move is a part of the company’s wider initiative to expand its footprint in India and the Middle East region.
“CoinDCX is a low-risk, high-growth, well-capitalized business that is ready for expansion and at the very heart of the gigantic growth opportunity of the region,” stated Shan Aggarwal, Chief Business Officer of Coinbase, in an official announcement. “India and the Middle East combined are going to be a major factor in the future of crypto,” he added.
While the investment amount remains undisclosed, Sumit Gupta, CEO and co-founder of CoinDCX, in an interview with the media, confirmed that the company is valued at $2.45 billion post-money. The agreement is still pending regulatory approval. Since 2020, Coinbase Ventures, the venture capital arm of Coinbase, has been an investor in various rounds of CoinDCX.
Following the announcement of the transaction, Coinbase decided not to make any further comments. Also, CoinDCX has not responded to media requests for comments regarding the investment breakdown or planned partnership initiatives.
CoinDCX, which was launched in 2018, has grown into one of the largest and most trusted crypto exchanges in India. It is popular among over 20.4 million users to whom it provides digital asset services. The firm in its report, asserts that CoinDCX achieved an annualized transactional volume of $165 billion across its various products. In addition, the company had $1.2 billion in assets under custody and $141 million in annualized revenue as of July 2025.
By providing new capital, Coinbase is viewed as a strategic partner who can help address the local crypto infrastructure issues, such as digital asset regulation, custody solutions, and retail adoption.
Over the last two years, CoinDCX has been plagued by security issues. In July 2025, the exchange suffered a security breach that resulted in the loss of $44 million. The hackers, in the guise of recruiters who convinced a software engineer to install the malware on his device. The breach was a security failure that had happened after a $230 million hack of WazirX in 2024. Acknowledging this, it can be said that the Indian digital asset ecosystem has encountered severe security risks.
Despite regulatory uncertainties in the field, Coinbase’s decision to invest is a loud and clear signal of the institutional calm and trust that is building up in the Indian crypto market. By implication, they are thus elevating CoinDCX to the leadership position in the upcoming Asian Web3 expansion wave.
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