Coinbase 投资印度加密货币交易所 CoinDCX 强化在印战略布局
Coinbase invests in Indian cryptocurrency exchange CoinDCX, with a valuation reaching USD 2.45 billion, aiming to strengthen its business presence in India and the Middle East. This investment continues CoinDCX's previous round of financing, with the valuation expected to increase from USD 2.15 billion to USD 2.45 billion upon completion. Coinbase has registered in India, paving the way for its services. CoinDCX is one of the largest digital asset trading platforms in India, with over 20 million users, and is expected to achieve an annualized revenue of INR 11.8 billion by 2025
According to Zhitong Finance APP, Coinbase (COIN.US) has invested in CoinDCX, a Mumbai-based exchange operator that aims to deepen its business presence in India and the Middle East. According to a statement on Wednesday, this investment is a continuation of CoinDCX's previous funding round, and upon completion, the company's post-investment valuation will reach $2.45 billion. The previous funding round for CoinDCX took place in April 2022, led by Pantera Capital and Steadview Capital Management, raising $135 million. At that time, investors valued the company at $2.15 billion.
Global cryptocurrency participants, including Binance and Bybit, are trying to expand in India, despite the punitive tax regime that has led to a reduction in trading volume. Coinbase itself registered with the Indian Financial Intelligence Unit in March, paving the way for the company to provide services in India.
In a blog post, Coinbase stated that this investment is based on its previous investment in CoinDCX through Coinbase Ventures. Spokespersons for Coinbase and CoinDCX declined to disclose the scale of the investment.
CoinDCX is one of the largest digital asset trading platforms in India, with a group annualized revenue of ₹11.8 billion (approximately $141 million) as of July 2025. According to data updated in September, its user base has exceeded 20 million
