Coinbase Expands Investment in CoinDCX, Valuing Indian Crypto Exchange at $2.45 Billion

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MUMBAI – Coinbase is about to increase its investment in CoinDCX, one of India’s top crypto exchanges, valuing the company at roughly $2.45 billion. The move is more than another funding round. It’s a signal that Coinbase still sees India as one of the strongest bets in the next phase of digital-asset growth.

Coinbase and CoinDCX already share some history. Back in 2020, Coinbase Ventures joined an early round that helped CoinDCX find its footing. This time the parent company is stepping in directly. The difference matters. It shows that Coinbase is no longer treating India as a market to watch but one to build inside. Shan Aggarwal, Coinbase’s business head, said India’s “technical energy and scale make it impossible to ignore.”

Fueling the Next Phase of Growth 🚀

I am excited to share that @Coinbase has entered into an agreement to make an investment in @CoinDCX (closing subject to regulatory approvals) valuing us at $2.45B post-money.

But this isn't just about capital, it is about conviction in our… pic.twitter.com/zwodLXGTjY

— Sumit Gupta (CoinDCX) (@smtgpt) October 15, 2025

CoinDCX has had a solid year. By July 2025, its annualized revenue was near $141 million, and total trading volume reached around $165 billion. That’s not bad for a market still juggling tax uncertainty and exchange restrictions. The company’s team believes the new capital will push forward its product roadmap and give it more room to reinforce security systems that matter to everyday traders.

Sumit Gupta, co-founder and CEO, called the latest deal a “confidence boost at the right time.” He said the firm’s recent acquisition of BitOasis, a Middle Eastern exchange, opened new doors for growth. CoinDCX is also expanding Okto, its Web3 app that helps users explore decentralized tools without facing complicated steps.

Gupta mentioned that hiring is ramping up in both India and the UAE. Engineers, compliance officers, and policy experts are joining the company. “We want to grow carefully, not just quickly,” he said. “It’s better to get it right than to get it fast.”

Across the broader market, the backdrop is mixed. During September 2025, total spot and derivatives volumes dropped about 17 percent, settling around $8.12 trillion. Yet derivative positions hit a record $230 billion in open interest. The contrast is sharp: retail traders have pulled back a little, while professionals keep their exposure steady. Most of the new money seems to have shifted toward Solana (SOL) and XRP contracts.

For Coinbase, this is not a one-off financial move. It’s part of a larger effort to anchor itself in markets that want structure and stability. For CoinDCX, it’s a validation that being patient and compliant pays off. Together, both firms are aiming for something rare in crypto — growth that doesn’t rely on chaos.

At this stage, both sides know the stakes. Coinbase gets a partner that understands local regulation; CoinDCX gets global backing and credibility. If both play it right, India and the Gulf could become new pillars of regulated crypto trading. And that’s a story that’s only beginning.

Recap

• Coinbase plans to increase its stake in CoinDCX at a $2.45 billion valuation.
• The partnership deepens Coinbase’s strategy across India and the Middle East.
• CoinDCX reported $141 million in annualized revenue and $165 billion in trading volume by July 2025.
• The BitOasis acquisition and Okto expansion highlight a push into Web3.
• Global volumes dipped, but derivatives open interest hit $230 billion, led by SOL and XRP.