Coinbase invests in Indian exchange CoinDCX at $2.45 bn valuation
Coinbase backs CoinDCX for $2.45 bn valuation, advancing its India expansion amid rising crypto adoption.
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17h agoCoinbase invests in Indian exchange CoinDCX at $2.45 bn valuation
Coinbase Global announced today it is investing in Indian crypto exchange CoinDCX, valuing the firm at $2.45 billion post-money. The deal follows Coinbase’s earlier investment in 2022, and comes as CoinDCX reports annualized revenue of ~$141 million and $1.2 billion in assets under custody. The move signals Coinbase’s continued push into the Indian and South Asian market, pending regulatory approvals. Source: Reuters
positive
17h agoCoinbase invests in Indian exchange CoinDCX at $2.45 bn valuation
Coinbase Global announced today it is investing in Indian crypto exchange CoinDCX, valuing the firm at $2.45 billion post-money. The deal follows Coinbase’s earlier investment in 2022, and comes as CoinDCX reports annualized revenue of ~$141 million and $1.2 billion in assets under custody. The move signals Coinbase’s continued push into the Indian and South Asian market, pending regulatory approvals. Source: Reuters
positive
Coinbase invests in Indian exchange CoinDCX at $2.45 bn valuation
about 17 hours ago
1 min read
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Coinbase backs CoinDCX for $2.45 bn valuation, advancing its India expansion amid rising crypto adoption.
Coinbase Global announced today it is investing in Indian crypto exchange CoinDCX, valuing the firm at $2.45 billion post-money. The deal follows Coinbase’s earlier investment in 2022, and comes as CoinDCX reports annualized revenue of ~$141 million and $1.2 billion in assets under custody. The move signals Coinbase’s continued push into the Indian and South Asian market, pending regulatory approvals. Source: Reuters
Coinbase Global announced today it is investing in Indian crypto exchange CoinDCX, valuing the firm at $2.45 billion post-money. The deal follows Coinbase’s earlier investment in 2022, and comes as CoinDCX reports annualized revenue of ~$141 million and $1.2 billion in assets under custody. The move signals Coinbase’s continued push into the Indian and South Asian market, pending regulatory approvals. Source: Reuters
Companies:
Coinbase
CoinDCX
Tags:
crypto
investment
crypto
investment
India
exchange
startup
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