Coinbase has agreed to invest in Coindcx, one of India’s largest crypto exchanges, in a transaction that remains subject to regulatory approvals and other usual closure conditions, according to statements, which was published Wednesday by Coinbase Chief Business Officer Shan Aggarwal and Coindcx co -founder and CEO Sumit GUPTA.
Aggarwal framed the speed as a long-term effort on India and the Role of the Middle East in the onchain economy, citing population scale, rising technical adoption and a large base of crypto windows. He said the commitment is based on previous support through Coinbase Ventures and adapts to Coinbase’s expanding local operations and partnerships.
Aggarwal also highlighted Operations Scale Reported from July 2025: Annual group revenue of 11.79 billion rupees ($ 141 million), annual transaction volumes of 13.7 trillion Rupees ($ 165 billion), assets that are below 100 billion rupees ($ 1.2 billion) and a user base exceeding 20 million.
Gupta called the investment an expansion of Coindcx’s former fundraise and said it appreciates the company at $ 2.45 billion postal money, which repeats the closure remains conditional on approvals. He credited Coinbas’s support since 2020 and described the step as a confidence in the team’s mission to build a trusted, compatible platform throughout India, UAE and beyond.
Gupta pointed to expansion via Bitoasis acquisition and growth in Octoo Web3 Product Suite and said Fresh Capital will accelerate product launches, market entrances and security initiatives.
For context, in April 2022, Coindcx raised $ 135 million to a valuation of $ 2.15 billion; Bloomberg reports Pantera Capital and SteadView Capital Management led the round while Reuters notes that Coinbase Ventures participated.
