Coinbase invests in CoinDCX at $2.45B; deal awaits regulatory approvals
Coinbase Investment in CoinDCX
- Coinbase plans to invest in the Indian exchange CoinDCX to expand its influence in India and the Middle East.
- The move is part of Coinbase's focus on regulated growth and local partnerships in the region.
- The transaction is pending regulatory approvals and closing conditions.
Valuation
- CoinDCX's post-money valuation is estimated at $2.45 billion.
- Details about the price or stake are undisclosed but it's categorized as an investment, not a control deal.
Key Metrics
- As of July 2025, CoinDCX holds more than $1.2 billion in assets under custody.
- Annualized revenue stands at approximately $141 million.
- User base includes about 20.4 million users with $165 billion in annualized transaction volume.
Strategic Intent
- Coinbase views India and the Middle East as pivotal for future crypto developments.
- Focus on compliance and local execution to facilitate on-chain adoption and potential expansion.