Coinbase has agreed to a deal to invest in CoinDCX; the investment round will be a follow-up of the previous round, and when fully accomplished, the company will be valued at $2.45 billion after the money.
The funding is conditional upon the approval of regulatory authorities and other customary closing conditions. Coinbase is one of the most popular on-chain economy platforms that assists millions of users in more than 100 countries globally in accessing, trading, and managing digital assets.
Managing 20 million Indian investors
CoinDCX has over 20 million investors in India. The Exchange provides a portfolio of products specific to retail participants, high-net-worth individuals (HNIs), and family offices.
The company entered the Middle East and North Africa (MENA) region by acquiring BitOasis in 2024. The new capital will be invested in product innovation, user growth, expansion into new geographies, and intensification of educational efforts.
Pay attention to growth and innovation
Chief Business Officer of Coinbase, Shan Aggarwal, said, “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.”
Co-founder of CoinDCX, Sumit Gupta, added that “Coinbase has been an investor in CoinDCX since 2020. Its decision to infuse more capital is a strong validation of CoinDCX’s long-term vision and responsible growth strategy. Coinbase is globally recognized for building compliant-first crypto businesses. We see strong synergies with Coinbase in building a compliant and regulatory-friendly crypto ecosystem in India, MENA, and beyond.”
CoinDCX is supported by the top investors globally, such as Polychain, Bain Capital, Jump Capital, and Pantera.
Among them are Steadview, Kingsway, Draper Dragon, R Capital, Kindred, and Block. One and Cadenza. The company has about 500 crypto assets and more than 200 crypto pairs at present.
