In a significant development for India’s cryptocurrency ecosystem, US-based crypto exchange giant Coinbase has invested in CoinDCX, India’s leading digital asset trading platform, at a valuation of $2.45 billion. While the exact investment amount remains undisclosed, this funding is described as an extension of a previous round, marking a continued partnership between the two companies that began in 2020.
This latest move underscores Coinbase’s long-term commitment to supporting India’s growing digital asset economy and highlights CoinDCX’s rising global stature in the crypto and Web3 ecosystem.
CoinDCX: India’s Largest and Most Trusted Crypto Platform
Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX has rapidly emerged as one of India’s most trusted cryptocurrency exchanges. Headquartered in Mumbai, the platform serves over 20 million users across India and the UAE, offering access to more than 500 crypto assets and over 200 trading pairs.
CoinDCX caters not only to retail traders but also to institutional investors, providing enterprise-grade trading and custody solutions. The company operates under the DCX Group umbrella, which includes multiple verticals such as CoinDCX Ventures, focused on blockchain investments, and Okto, a Web3 wallet platform boasting over 20 million users worldwide.
Fresh Capital to Drive Global Expansion and Product Innovation
According to the company, the newly raised capital will be used to enhance product development, launch new on-chain use cases, and expand CoinDCX’s presence globally — especially across the Middle East and North Africa (MENA) region.
This international expansion builds on the company’s 2024 acquisition of Dubai-based BitOasis, a leading regional exchange, allowing CoinDCX to enter new markets with a regulatory foothold.
As of July 2025, CoinDCX reported robust growth metrics:
- Annualised Group Revenue: ₹1,179 crore
- Annualised Transaction Volume: ₹13.7 lakh crore
- Assets Under Custody: Over ₹10,000 crore
- Net Profit (FY25): ₹1.7 crore, a 15% year-on-year increase
- Operating Revenue: ₹559.6 crore, up 43% from FY24
These numbers position CoinDCX as one of India’s most financially resilient and fast-growing fintech startups in the digital asset space.
Building a Mainstream Crypto Future
Sharing the company’s vision on X (formerly Twitter), Co-founder Neeraj Khandelwal wrote:
“After signing an agreement with @coinbase for fresh funding for @CoinDCX, the team’s focus is now on making crypto more mainstream in India and the Middle East, and integrating blockchain technology into the financial systems of the future.”
This statement reinforces CoinDCX’s mission to promote responsible crypto adoption and regulatory collaboration while driving blockchain-based innovation across financial services, payments, and digital identity.
Coinbase’s Strategic Bet on India’s Crypto Potential
For Coinbase, this investment represents a renewed commitment to India’s digital asset landscape. After resuming operations in the country earlier this month following a three-year suspension, the US-based exchange is positioning India as a key innovation hub within its global growth strategy.
Shan Aggarwal, Chief Business Officer at Coinbase, commented:
“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.”
This strategic investment also complements Coinbase’s broader plan to collaborate with regional startups and regulators to foster secure, compliant, and scalable crypto ecosystems.
Challenges and Resilience
CoinDCX’s journey has not been without challenges. Earlier in 2025, the exchange faced a $44 million (₹378 crore) hack, one of the largest crypto-related security incidents in India since WazirX’s $234 million breach. However, the company acted swiftly to strengthen its security infrastructure, reinforcing user confidence and demonstrating operational resilience.
To date, CoinDCX has raised over $244 million from top-tier global investors such as Pantera Capital, B Capital Ventures, and Bain Capital. The company made history in 2021, becoming India’s first crypto unicorn after a $90 million Series C round at a $1.1 billion valuation.
The Road Ahead
With Coinbase’s renewed backing, CoinDCX is now positioned to accelerate global expansion, launch innovative Web3 products, and lead India’s transition into a blockchain-powered digital economy.
As India continues to refine its crypto regulations, CoinDCX’s growth signals increasing investor confidence in the country’s crypto future — one that balances innovation, security, and sustainability.
