US-based public cryptocurrency exchange Coinbase has announced a new investment in CoinDCX, one of India’s leading cryptocurrency exchanges. Upon completion of the investment, the valuation of CoinDCX is expected to rise to $2.45 billion, pending regulatory approval. The management of Coinbase emphasized that India and surrounding markets will play a pivotal role in shaping the global on-chain economy. This move is set to accelerate the company’s growth plans in the region and is bolstered by CoinDCX’s revenue and assets under management metrics, following its previous valuation of $2.15 billion in 2022.
Regional Scale and Strategic Positioning
Coinbase’s new investment commitment is part of its strategy to expand its presence in India and the Middle East. Shan Aggarwal, a senior executive at Coinbase, stated that India and neighboring countries will be pivotal in the future of the on-chain economy; the investment is a tangible extension of this thesis. Although the exact investment amount has not been disclosed, it is reported that the post-closing valuation will be $2.45 billion.
On the CoinDCX front, performance indicators are noteworthy. As of July, the annualized group revenue stood at approximately $141 million, with assets under management reported at $1.2 billion. This growth scale has been confirmed by the new valuation, moving from the $2.15 billion valuation achieved in the $135 million funding round in April 2022.
Background of the Agreement
CoinDCX recently endured a security incident that tested its operational resilience, experiencing a hack worth approximately $44 million. Following the incident, CoinDCX reopened withdrawals while announcing that user assets were secure. This investment is expected to enhance security measures and strengthen the product roadmap. The agreement’s completion is contingent upon the regulatory approval process in India.
Despite uncertainties in the region, investor interest remains robust. The agreement has been structured as an extension of CoinDCX’s latest funding round, highlighting Coinbase’s increasing share in the region. The announcement on October 15, 2025, aligns with a period of intensified competition in the market scale.