Coinbase invests in CoinDCX at $2.45 billion valuation, doubles down on India, Middle East

In May 2025, CoinDCX had announced that it is expanding to the Middle East and North Africa region, starting with the launch of BitOasis in Bahrain.

US crypto giant Coinbase has announced a fresh investment in CoinDCX at a valuation of $2.45 billion, marking a significant move to deepen its presence in India and the Middle East - two markets it believes are poised to play a pivotal role in the future of global crypto adoption.

The investment builds on Coinbase Ventures' earlier funding in CoinDCX and comes at a time when digital asset adoption in the region is accelerating. With over 1.4 billion people, increasing mobile internet penetration, and more than 100 million crypto users, the region represents a critical growth opportunity, Coinbase said in a statement.

It also comes at a time when Coinbase itself is gearing up to set up a crypto exchange in India.

In May 2025, CoinDCX had announced that it is expanding to the Middle East and North Africa region, starting with the launch of BitOasis in Bahrain.

"CoinDCX is a high-growth, financially sound business built for scale at the center lof the region’s massive growth opportunity," the company noted.

As of July 2025, CoinDCX reported annualized group revenue of Rs 1,179 crore (approximately $141 million), transaction volumes of Rs 13.7 lakh crore (around $165 billion), and assets under custody exceeding Rs 10,000 crore (roughly $1.2 billion). The platform also boasts a growing user base of over 20.4 million. This investment is subject to regulatory approvals and customary closing conditions.

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Coinbase said it will continue to explore opportunities with local partners across the region, adding that India and its neighbours will be central to shaping the future of the “onchain economy.”

"We’re excited to work alongside CoinDCX and other partners to make crypto more accessible, useful, and trusted for millions," the company added.

Sumit Gupta, Co-founder, said, "This fresh capital helps us accelerate our vision and enables us to take bolder and more ambitious bets – strengthening our business across India and the UAE, entering new markets, launching new products in the broader web3 space, and continuing to build the most secure and compliant platform for our users."

CoinDCX's last significant funding round was a $135 million Series D in April 2022, led by Pantera Capital and Steadview Capital Management. The round valued the company at $2.15 billion.