Coinbase invests in CoinDCX at $2.45B; deal awaits regulatory approvals

Coinbase announced an investment in Indian exchange CoinDCX to deepen its presence in India and the Middle East. The company frames the move as part of a broader regional build-out focused on regulated growth and local partnerships. The transaction is not closed and remains subject to regulatory approvals and customary closing conditions. Valuation and terms Reports put the post-money valuation at $2.45 billion, per CoinDCX leadership. Coinbase did not disclose price or stake and called it an investment, not a control deal. Treat the figure as provisional until closing or filings confirm it. Numbers Coinbase’s announcement references July 2025 operating metrics for CoinDCX, including more than $1.2 billion in assets under custody and roughly $141 million in annualized revenue. It also notes about 20.4 million users and approximately $165 billion in annualized transaction volume, indicating broad consumer reach and sustained trading activity in the India market. Strategy “India and the Middle East are set to play a big role in the future of crypto,” said Shan Aggarwal, Coinbase’s chief business officer. The statement positions the deal as a strategic bet on on-chain adoption in key markets, with an emphasis on compliance, local execution, and optionality for future expansion once approvals are in place.