Coinbase to Increase Stake in India’s CoinDCX at $2.45B Valuation
Coinbase will invest in CoinDCX, one of India’s largest crypto exchanges, in a deal valuing the company at $2.45 billion post-money, pending regulatory approvals and customary closing conditions, according to statements from Coinbase Chief Business Officer Shan Aggarwal and CoinDCX CEO Sumit Gupta.
Aggarwal described the investment as a long-term bet on India and the Middle East, citing rising tech adoption, a large crypto user base, and population scale. The move builds on Coinbase’s prior support via Coinbase Ventures and aligns with its growing local operations and partnerships.
As of July 2025, CoinDCX reported annualized revenue of 11.79 billion rupees ($141M), transaction volumes of 13.7 trillion rupees ($165B), assets under custody above 100 billion rupees ($1.2B), and 20M+ users.
Gupta called the investment an extension of CoinDCX’s prior fundraising and a vote of confidence in the company’s mission to build a trusted, compliant platform across India, UAE, and beyond. He noted the capital would accelerate product launches, market expansion, and security initiatives, including the BitOasis acquisition and Okto Web3 product suite growth.
For context, CoinDCX raised $135M at a $2.15B valuation in April 2022, with participation from Coinbase Ventures, Pantera Capital, and Steadview Capital Management.
