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Coinbase Boosts Global Strategy with Investment in India’s CoinDCX
Coinbase is doubling down on its international expansion with a strategic investment in Indian crypto exchange CoinDCX, spotlighting India and the Middle East as pivotal to global crypto growth.
CoinDCX Valued at $2.45B as Coinbase Targets High-Growth Regions
U.S.-based crypto giant Coinbase has made a fresh investment in CoinDCX, valuing the Indian exchange at $2.45 billion post-money, according to a company statement released Wednesday. The deal underscores Coinbase’s commitment to expanding globally by aligning with key players in emerging markets.
“This partnership brings strategic alignment—not just on what we’re building, but how we’re building it,” said CoinDCX CEO Sumit Gupta, emphasizing a compliance-first, transparent approach.
CoinDCX has reported strong financials, with annualized revenue of ₹1,179 crore (approximately $141 million) and transaction volumes of ₹13.7 lakh crore (around $165 billion) as of July 2025. The platform also holds over ₹10,000 crore ($1.2 billion) in assets under custody.
India and the Middle East Take Center Stage
Calling it a “welcome move,” blockchain educator Sudhakar Lakshmanaraja noted that foreign exchanges now find it easier to partner with local platforms rather than navigate India’s complex regulatory landscape directly.
Coinbase CEO Brian Armstrong echoed the bullish sentiment: “There’s rapid tech adoption in India and the Middle East, and already 100M+ crypto holders. Coinbase is going global.”
From Regulation to Regional Corridors
Rather than pursuing acquisition, Coinbase is opting for a “partner to penetrate” model, according to Monica Jasuja of Emerging Payments Association Asia. She highlighted CoinDCX’s Middle East expansion as a key driver, potentially creating a “regional corridor” connecting India’s tech-savvy market with the Gulf’s capital-rich, flexible regulatory environment.
While the deal could accelerate regulatory clarity on foreign ownership and compliance, Jasuja cautioned, “Pressure doesn’t always translate to speed in policymaking.”
