Coinbase invests in India’s CoinDCX at $2.45B valuation

Coinbase Global has expanded its stake in India’s leading crypto exchange CoinDCX, valuing the firm at $2.45 billion post-money. The move underscores continued confidence in India’s nascent digital-asset market despite regulatory ambiguity. CoinDCX reported $1.2 billion in assets under custody and annualized revenues of ~$141 million. Coinbase’s deeper involvement aims to strengthen its presence across South Asia and foster infrastructure for institutional flows. The deal is subject to regulatory approvals, but signals a strategic bet on India’s crypto growth trajectory.