Mumbai, India:
Global crypto exchange Coinbase has made a fresh investment in CoinDCX, one of India’s largest cryptocurrency platforms, valuing the company at $2.45 billion. The move signals renewed global investor confidence in India’s digital asset market despite ongoing regulatory uncertainty.
Coinbase, which was an early investor in CoinDCX’s Series C round, has reportedly increased its stake to strengthen strategic ties and explore blockchain innovation in the Indian market.
Deal Details
CoinDCX, founded in 2018 by Sumit Gupta and Neeraj Khandelwal, has grown rapidly as India’s crypto adoption has surged over recent years. The company plans to use the new funds to expand its Web3 offerings, enhance security infrastructure, and support compliance initiatives in India.
Industry experts see this investment as a strategic comeback by Coinbase after halting its local expansion in 2022 due to regulatory hurdles and tax policies. With this round, CoinDCX aims to diversify into on-chain products and global markets.
“We believe in India’s long-term potential in blockchain technology. Our continued partnership with CoinDCX aligns with our mission to increase global crypto accessibility,” said a Coinbase spokesperson.
The funding also comes at a time when global crypto markets are showing signs of recovery, with Bitcoin hovering around $63,000 and institutional participation returning.
Summary Table
| Particulars | Details |
|---|---|
| Investor | Coinbase |
| Company | CoinDCX |
| Valuation | $2.45 Billion |
| Founded | 2018 |
| Founders | Sumit Gupta, Neeraj Khandelwal |
| Purpose of Funding | Web3 expansion, compliance, security upgrades |
| Coinbase Role | Strategic investor, expanding presence in India |
| Industry | Cryptocurrency & Blockchain |
| Previous Valuation (2022) | $2.15 Billion |
| Headquarters | Mumbai, India |
