Coinbase has agreed to put money into CoinDCX, one in every of India’s largest crypto exchanges, in a transaction that is still topic to regulatory approvals and different customary closing circumstances, in keeping with statements revealed Wednesday by Coinbase Chief Enterprise Officer Shan Aggarwal and CoinDCX co-founder and CEO Sumit Gupta.
Aggarwal framed the transfer as a long-term wager on India and the Center East’s position within the onchain economic system, citing inhabitants scale, rising tech adoption and a big base of crypto customers. He mentioned the dedication builds on earlier help by way of Coinbase Ventures and aligns with Coinbase’s increasing native operations and partnerships.
Aggarwal additionally highlighted working scale reported as of July 2025: annualized group income of 11.79 billion rupees ($141 million), annualized transaction volumes of 13.7 trillion rupees ($165 billion), belongings below custody above 100 billion rupees ($1.2 billion) and a person base exceeding 20 million.
Gupta known as the funding an extension of CoinDCX’s earlier fundraise and mentioned it values the corporate at $2.45 billion submit cash, reiterating that closing stays contingent on approvals. He credited Coinbase’s backing since 2020 and described the step as a vote of confidence within the staff’s mission to construct a trusted, compliant platform throughout India, the UAE and past.
Gupta pointed to enlargement through the BitOasis acquisition and development of the Okto Web3 product suite, saying recent capital will speed up product launches, market entries, and safety initiatives.
For context, in April 2022, CoinDCX raised $135 million at a $2.15 billion valuation; Bloomberg studies Pantera Capital and Steadview Capital Administration led the spherical, whereas Reuters notes that Coinbase Ventures participated.
