Nasdaq listed and USA regulated crypto exchange, Coinbase has announced its investment in Indian based CoinDCX, one of the leading crypto exchanges, which owns UAE regulated BitOasis crypto exchange. As per the announcement Coinbase is building on its prior investments in CoinDCX via Coinbase Ventures. The planned deal sets a $2.45 billion post-money valuation and follows CoinDCX’s April 2022 raise of $135 million at a $2.15 billion valuation.
In the CoinBase post the crypto exchange explains that the investment underscores the company’s commitment to India and MENA region.
With over 1.4 billion people, growing tech adoption, and over 100 million crypto owners, India and the Middle East are set to play a big role in the future of crypto – and CoinDCX is a high-growth, financially sound business built for scale at the center of the region’s massive growth opportunity.
As of July 2025, CoinDCX’s annualized group revenue is ₹1,179 crore (~$141M USD), annualized transaction volumes across products are ₹13.7 lakh crore (~$165B USD), and assets under custody are over ₹10,000 crore ($1.2B USD), and their user base exceeds 20.4 million.
Coinbase noted that the investment adds to their growing presence in the MENA and India. CoinBase stated, “Taken together, these steps reflect a clear commitment: we believe India and its neighbors will help shape the future of the global onchain economy. This transaction is subject to regulatory approvals and other customary closing conditions.”
Coinbase explained that it will work alongside CoinDCX and other partners as well as expand their international footprint.
In parallel Sumit Gopta, Founder and CEO of CoinDCX noted that this was an important milestone for the company, which has a presence in India and UAE.
He stated, ” Neeraj and I are delighted to share that Coinbase, a leading platform for the global onchain economy, has entered into an agreement to make an investment in CoinDCX (closing subject to regulatory approvals and other customary conditions). This investment is an extension of our previous fundraise, and values CoinDCX at $2.45 billion post-money, reinforcing our leadership position in our core markets and as an emerging name in the global web3 landscape.”
CoinDCX he noted currently serves 20 million customers across India and UAE. He also explained that the fresh capital will help the company accelerate their vision and enables them to take bolder and more ambitious bets. He explained, ” It will help strengthen our business across India and the UAE, enter new markets, launch new products in the broader web3 space, and continue to build the most secure and compliant platform for our users.
