Coinbase has deepened its regional push with a new investment in CoinDCX, indicating renewed confidence in India’s growing crypto market.
- Coinbase makes a new investment in CoinDCX to expand across India and the Middle East.
- CoinDCX reported $165B in annualized trading volume and has 20M+ users.
- The move follows CoinDCX’s swift recovery from a July security breach.
Coinbase has made a new strategic investment in CoinDCX, India’s largest crypto exchange, reinforcing its commitment to the fast-growing South Asian and Middle Eastern markets.
According to an Oct. 15 blog post, the investment builds on Coinbase Ventures’ earlier participation in CoinDCX’s funding rounds, including its $2 billion Series D valuation in 2022. The latest deal aims to strengthen Coinbase’s footprint in regions home to over 100 million crypto users.
Coinbase expands South Asia presence
With over 20 million users, CoinDCX has established itself as a major force in the Indian market by focusing on innovation, regulation, and trust. The company reported ₹13.7 lakh crore ($165 billion) in transaction volume, ₹10,000 crore ($1.2 billion) in assets under custody, and ₹1,179 crore ($141 million) in annualized revenue as of July 2025.
This year, the exchange also grew throughout the Middle East by capitalizing on the need for compliant and retail-friendly digital asset platforms in the area.
CoinDCX’s resilience strengthens appeal
In July 2025, CoinDCX’s operational resilience was tested when an internal account breach resulted in a $44 million loss, with no customer funds being impacted. The credibility of the platform was strengthened when it swiftly restored services after absorbing the losses from reserves.
Afterwards, CEO Sumit Gupta said the business is still profitable and committed to long-term expansion. This recovery likely bolstered Coinbase’s confidence in the platform’s fundamentals and governance standards.
The investment comes as India’s crypto sector edges closer to formal regulation and institutional engagement grows. Coinbase said the partnership would help make crypto “more accessible, useful, and trusted” across the region.
Strategic alignment with global expansion
This investment aligns with Coinbase’s expansion strategy for 2025, which also includes new ventures in Web3 and AI-integrated finance as well as acquisitions like Deribit for derivatives.
To date, Coinbase has made over $250 million in investments in India, supporting Web3 infrastructure initiatives as well as a number of regional startups, including CoinSwitch Kuber.
