CoinDCX secures new funding from Coinbase, valuation hits $2.45 billion

CoinDCX, India’s leading crypto exchange, has announced that Coinbase has agreed to invest in CoinDCX. The completion of funding, which is subject to regulatory approvals and other customary closing conditions, is an extension to the last fundraise, and once completed, the company's valuation will stand at $2.45 billion post-money.

This new capital infusion reinforces CoinDCX’s strong position in India’s digital asset space and strengthens its commitment to making crypto accessible in a simple, secure, and compliant manner.

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The company has expanded into the Middle East and North Africa (MENA) region through the acquisition of BitOasis in 2024. The fresh capital will be used to fuel product innovation, drive user growth, expand into new geographies, and deepen educational initiatives.

“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,” said Shan Aggarwal, Chief Business Officer, Coinbase.

"Coinbase has been an investor in CoinDCX since 2020. Its decision to infuse more capital is a strong validation of CoinDCX’s long-term vision and responsible growth strategy. Coinbase is globally recognized for building compliant-first crypto businesses. We see strong synergies with Coinbase in building a compliant and regulatory-friendly crypto ecosystem in India, MENA and beyond," said Sumit Gupta, Co-founder, CoinDCX.

Coinbase is a leading platform for the global onchain economy, empowering millions of users in 100+ countries to access, trade, and manage digital assets. With a mission to increase economic freedom worldwide, Coinbase provides secure and trusted products and infrastructure for individuals, institutions, and developers to engage with crypto assets and build the future of finance.

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CoinDCX is backed by world’s leading investors including Polychain, Bain Capital, Jump Capital, Pantera, Steadview, Kingsway, Draper Dragon, R Capital, Kindred, Block.One, and Cadenza amongst others. The company also boasts a talent base of over 400 employees. Additionally, CoinDCX is the first exchange to be FIU registered and is ISO 27001:2022 certified.