At a post-money valuation of $2.45 billion, cryptocurrency exchange CoinDCX announced an undisclosed investment from Coinbase.

Since 2020, Coinbase has invested in CoinDCX. The business claims that the current round of investments is an expansion of the last one. At a valuation of more than $2 billion, CoinDCX raised $135 million in April 2022, and Coinbase also took part in the round.

Key Highlights

• Coinbase has raised its investment in CoinDCX, India's leading cryptocurrency exchange, bringing its post-money valuation to $2.45 billion.
• Coinbase has registered with India's Financial Intelligence Unit (FIU), enabling it to offer crypto trading services in the country.

In August 2021, CoinDXC became a unicorn after raising $90 million in a Series C round.

New on-chain use cases, product development, and global market expansion will all be aided by the additional funding. Additionally, the business will keep concentrating on its education and compliance programs.

Established in 2018, CoinDCX offers more than 20 million users in India cryptocurrency trading and investment services. It provides 200 trading pairs and more than 500 cryptocurrency assets in products aimed at both individual and institutional investors. In 2024, the business acquired BitOasis to expand into the Middle East and North Africa (MENA).

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The DCX Group, which also includes CoinDCX Ventures and Okto, its Web3 wallet platform with 20 million users, is the parent company of CoinDCX.

In 2025, CoinDCX experienced several leadership transitions. The company announced in June that its head of legal and chief technology officer would be leaving. Its chief information security officer, Sridhar G, and chief human resources officer, Mudita Chauhan, resigned later in September. Amol Wanjari was named Head of Engineering and Sangeeth Aloysius was named Head of Product by CoinDCX in July.

The US-based cryptocurrency exchange Coinbase has reopened its operations in India with an early access program for a limited number of users following a three-year suspension. Coinbase registered with India's Financial Intelligence Unit (FIU) in March 2025 in order to comply with anti-money laundering (AML) regulations, and the relaunch was confirmed on October 3, 2025.