Coinbase, the US-based cryptocurrency platform, has entered into an agreement to invest further in CoinDCX, an Indian crypto exchange. The funding, which is subject to regulatory approvals and customary closing conditions, is an extension of CoinDCX’s previous round and will value the company at $2.45 billion post-investment.
CoinDCX said the fresh infusion reinforces its position in India’s digital asset market and will help expand its product suite, introduce new on-chain use cases for India, and support international expansion. The company recently entered the Middle East and North Africa region through its acquisition of BitOasis in 2024.
“India and the Middle East are among the most dynamic regions for crypto adoption and innovation. We’re excited to support CoinDCX’s continued growth and look forward to expanding our partnership in the months ahead,” said Shan Aggarwal, chief business officer at Coinbase.
“Coinbase has been an investor in CoinDCX since 2020. Its decision to infuse more capital is a strong validation of our long-term vision and responsible growth strategy. We see strong synergies with Coinbase in building a compliant and regulatory-friendly crypto ecosystem in India, MENA and beyond,” said Sumit Gupta, cofounder, CoinDCX.
The current round is an extension of the previous one. Coinbase also participated in the April 2022 round, when CoinDCX raised $135 million at a valuation of over $2 billion. The Indian crypto exchange turned unicorn in August 2021 after raising $90 million in Series C round.
Founded in 2018 and backed by investors such as Polychain, Bain Capital, Jump Capital, Pantera, and Steadview, CoinDCX claims to serve over 20 million users with more than 500 crypto assets and 200 trading pairs. The Bengaluru-based company employs over 400 people.
CoinDCX operates under the DCX Group, which also includes CoinDCX Ventures and Web3 wallet platform Okto. It acquired BitOasis in 2024 to expand operations to Middle East and North Africa (MENA) region.
US-based Coinbase restarted operations in India with an early access programme for select users after being suspended for three years. The resumption comes after Coinbase registered with the nation's Financial Intelligence Unit (FIU) in March 2025 to meet anti-money laundering rules.
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CoinDCX said the fresh infusion reinforces its position in India’s digital asset market and will help expand its product suite, introduce new on-chain use cases for India, and support international expansion. The company recently entered the Middle East and North Africa region through its acquisition of BitOasis in 2024.
“India and the Middle East are among the most dynamic regions for crypto adoption and innovation. We’re excited to support CoinDCX’s continued growth and look forward to expanding our partnership in the months ahead,” said Shan Aggarwal, chief business officer at Coinbase.
“Coinbase has been an investor in CoinDCX since 2020. Its decision to infuse more capital is a strong validation of our long-term vision and responsible growth strategy. We see strong synergies with Coinbase in building a compliant and regulatory-friendly crypto ecosystem in India, MENA and beyond,” said Sumit Gupta, cofounder, CoinDCX.
The current round is an extension of the previous one. Coinbase also participated in the April 2022 round, when CoinDCX raised $135 million at a valuation of over $2 billion. The Indian crypto exchange turned unicorn in August 2021 after raising $90 million in Series C round.
Founded in 2018 and backed by investors such as Polychain, Bain Capital, Jump Capital, Pantera, and Steadview, CoinDCX claims to serve over 20 million users with more than 500 crypto assets and 200 trading pairs. The Bengaluru-based company employs over 400 people.
CoinDCX operates under the DCX Group, which also includes CoinDCX Ventures and Web3 wallet platform Okto. It acquired BitOasis in 2024 to expand operations to Middle East and North Africa (MENA) region.
US-based Coinbase restarted operations in India with an early access programme for select users after being suspended for three years. The resumption comes after Coinbase registered with the nation's Financial Intelligence Unit (FIU) in March 2025 to meet anti-money laundering rules.
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