MUMBAI: Coinbase Global announced a strategic investment in the Indian cryptocurrency exchange CoinDCX on Wednesday. According to CoinDCX, this latest funding round values the company at a post-money valuation of $2.45 billion.
This direct investment from the global exchange follows several prior financings in CoinDCX by Coinbase’s venture capital division, Coinbase Ventures. Most notably, Coinbase Ventures took part in a $135 million funding round for the Indian platform in April 2022, which had established a post-money valuation of $2.15 billion.
As of July 2025, CoinDCX reported that its annualized group revenue was approximately $141 million, with total assets under custody standing at $1.2 billion.
Shan Aggarwal, Chief Business Officer at Coinbase, commented on the transaction in a statement, saying, “We believe India and its neighbors will help shape the future of the global on-chain economy.” He added that the investment is “subject to regulatory approvals and other customary closing conditions.”
