TLDR
- CoinDCX is now valued at $2.45B after a new investment from Coinbase.
- CoinDCX reports 20.4M users and $165B annualized transaction volume.
- Coinbase expands reach in India and the Middle East through the CoinDCX deal.
- CoinDCX faced a $44M exploit in July but quickly strengthened security.
Coinbase has announced an investment in India-based crypto exchange CoinDCX, valuing the company at $2.45 billion. The move aims to strengthen Coinbase’s footprint in India and the Middle East, regions viewed as key growth markets for digital assets. The investment, pending regulatory approval, continues Coinbase’s strategy of expanding through partnerships in emerging crypto economies.
Expanding Presence in Emerging Markets
Coinbase stated that its latest investment in CoinDCX is part of its broader plan to build a stronger presence in India and the Middle East. The exchange said these regions are expected to play a growing role in the global crypto economy.
“India and the Middle East are set to play a big role in the future of crypto – and CoinDCX is a high-growth, financially sound business built for scale at the center of the region’s massive growth opportunity,” said Shan Aggarwal, Coinbase’s chief business officer.
Coinbase has been an investor in CoinDCX since 2020 through its venture arm, Coinbase Ventures. The latest transaction builds on that relationship, though the specific financial details have not been disclosed. The investment remains subject to regulatory approval before finalization.
CoinDCX’s Growth and Operations
Founded in 2018, CoinDCX has become one of India’s largest digital asset exchanges. The company reports having over 20.4 million registered users and an annualized transaction volume of $165 billion as of July 2025. CoinDCX also manages over $1.2 billion in assets under custody and generates annualized revenue of about $141 million.
Sumit Gupta, Co-founder and CEO of CoinDCX, confirmed that the new investment places the company’s post-money valuation at $2.45 billion. “This partnership with Coinbase represents an important step toward expanding our global reach and strengthening our operations,” Gupta said.
CoinDCX provides a wide range of products, including spot trading, staking, and lending services. Its focus remains on offering a secure and user-friendly trading environment to retail and institutional users in India and beyond.
Security Challenges and Recovery Efforts
The investment follows a recent cybersecurity breach that affected CoinDCX in July. Hackers used a social engineering attack, posing as recruiters to trick an engineer into installing malware, resulting in a $44 million loss.
CoinDCX acted quickly to contain the incident, secure affected systems, and enhance its cybersecurity framework. The company stated that user funds remained protected, and internal security protocols were strengthened to prevent future breaches.
The attack came after a similar exploit at another major Indian exchange, WazirX, which lost about $230 million in 2024. These incidents have prompted Indian exchanges to increase their focus on risk management and user protection.
Strengthening Regional Crypto Ecosystems
Coinbase’s investment is seen as a step toward developing a stronger digital asset infrastructure in India and the Middle East. The company has been seeking strategic partners to improve access to crypto trading and compliance solutions in markets with rising digital adoption.
CoinDCX’s established user base and operational scale align with Coinbase’s expansion goals in the region. Both firms are expected to collaborate on technology, compliance standards, and educational initiatives to encourage responsible crypto adoption.
Coinbase declined to comment beyond its official announcement. CoinDCX has not yet responded to additional requests for comment regarding the transaction.
