Coinbase expresses its ongoing commitment to the Indian market by placing additional funding into local crypto exchange CoinCDX, which it has supported since 2020.
Global crypto exchange Coinbase has announced it was expanding its footprint in India and Middle East by investing in CoinDCX, a regional crypto market leader and Coinbase’s present portfolio business.
Although the exact amount of new investment was not disclosed, the firm views it as an extension of CoinDCX’s earlier funding round rather than a full-scale new investment series. Indian crypto exchange has reached a $2.45 billion post-money valuation thanks to fresh funds inflow. In the previous major round (April 2022), CoinDCX was valued at about $2.15 billion after raising $135 million.
According to Coinbase, the investment in CoinDCX represents the exchange’s strategic step to strengthen its presence in two of the world’s most dynamic crypto markets — India and the Middle East. With over 1.4 billion people, fast-growing digital adoption, and more than 100 million crypto owners, these regions are emerging as major drivers of the global on-chain economy.
At the same time, many foreign crypto exchanges are struggling to comply with Indian regulatory bodies, as the country’s rules around crypto exchanges, taxation, KYC/AML are still evolving. Coinbase itself had to re-register with India’s FIU in 2025 after a year of ceased activity to resume compliant operations. Since CoinDCX has a large local user base (over 20 million) and transaction volume, it gives Coinbase an additional anchor in the region through a local partner.
As the corporate announcement states, CoinDCX is a financially solid and scalable platform, and has become a trusted market leader through its focus on regulatory compliance and user protection — values that align closely with Coinbase’s own principles.
Generating annualized revenue of about $141 million, handling $165 billion in transaction volume, and managing over $1.2 billion in assets under custody, CoinDCX has demonstrated both scale and resilience, particularly after overcoming operational challenges earlier in 2025. It is publicly known that CoinDCX has recently suffered a security breach (with an internal account compromised), losing around $44 million. Though no user funds were lost, and the firm absorbed losses, some concerns have been raised about details of the exchange’s proof-of-reserves, exposure to hot wallets, related-party transactions, etc. Nevertheless, Coinbase seems to view the company’s handling of the incident as appropriate and trustworthy.
Besides serving the Indian market, CoinDCX has recently expanded into the Middle East and North Africa (MENA) by acquiring BitOasis. Therefore, by deepening its investment in an existing portfolio company, Coinbase not only reaffirms confidence in CoinDCX’s leadership and long-term potential but also positions itself at the center of a rapidly expanding ecosystem that is set to shape the future of crypto innovation across India and the Middle East.
