Coinbase Invests in CoinDCX to Strengthen India Crypto Market
Coinbase Invests in CoinDCX to Expand in India and the Middle East
- Coinbase has made a new investment in CoinDCX, a leading cryptocurrency exchange in India.
- This move is part of Coinbase's strategy to expand its presence in India and the Middle East.
- The regions have over 100 million crypto asset holders, indicating strong adoption potential.
- CoinDCX reported ₹1,179 crore ($141 million) in annualized revenue and transaction volumes of ₹13.7 lakh crore ($165 billion USD) as of July 2025.
- CoinDCX has over 20 million users and assets under custody exceeding ₹10,000 crore ($1.2 billion).
- The investment awaits regulatory approval and closing steps.
- Shan Aggarwal from Coinbase noted strong confidence in CoinDCX’s leadership.
India and the Middle East as Key Crypto Markets
- India and the Middle East are rapidly growing regions for cryptocurrency adoption.
- Coinbase's interest is driven by large populations and rising interest in digital finance.
- Local startups utilize blockchain for payments and financial inclusion.
- Sumit Gupta, CEO of CoinDCX, appreciates Coinbase's trust in their market.