Coinbase Invests in CoinDCX, Strengthening its Presence in India & Middle East

Coinbase invests in CoinDCX, a landmark move that amplifies the U.S.-based crypto giant’s presence in India and the Middle East. This strategic investment values CoinDCX at $2.45 billion and comes at a time when both regions are witnessing rapid growth in cryptocurrency adoption. Coinbase’s increased stake in CoinDCX underscores its long-term commitment to fostering crypto ecosystems in markets poised for substantial expansion.

Expanding Footprint in Key Growth Markets

CoinDCX, headquartered in Mumbai, is one of India’s leading digital asset exchanges with over 20 million users and more than 500 cryptocurrencies listed. The company also recently expanded its reach into the Middle East and North Africa (MENA) region by acquiring BitOasis, a prominent regional player, making it an ideal partner for Coinbase’s strategic interests.

Coinbase’s investment is an extension of its earlier funding rounds through Coinbase Ventures and reflects strong confidence in CoinDCX’s growth trajectory. Annualized group revenue for CoinDCX now stands at approximately $141 million, with assets under custody exceeding $1.2 billion as of mid-2025.

In recent developments surrounding Coinbase, the exchange faced a significant cybersecurity breach earlier this year. Attackers accessed partial customer data, including sensitive personal information, but Coinbase took swift action by refusing ransom demands and strengthening its security protocols. This incident underscored the ongoing challenges crypto platforms face in safeguarding user data and maintaining trust in a rapidly expanding market.

Strategic Rationale Behind the Investment

Shan Aggarwal, Chief Business Officer at Coinbase, emphasized that India and the Middle East are “among the most dynamic regions for crypto adoption and innovation.” Coinbase aims to deepen its commitment to these markets by supporting CoinDCX’s product expansion, introducing new on-chain use cases, and boosting regulatory compliance efforts.

This step forward comes as Coinbase prepares to launch its own crypto exchange within India, leveraging CoinDCX’s existing infrastructure and regional expertise. The investment also capitalizes on growing mobile internet penetration and a young, tech-savvy population eager to embrace blockchain technologies.

Disclaimer

This article is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks, including volatility and regulatory changes. Readers should conduct thorough due diligence and consult licensed professionals before investing.