U.S.-based crypto exchange Coinbase has announced a new investment in CoinDCX, one of India’s largest regulated digital asset platforms. According to Coinbase’s official statement, the move strengthens its global footprint across South Asia and the Middle East.
The companies confirmed that the transaction remains subject to regulatory clearance and closing conditions. While the investment amount was not disclosed, CoinDCX’s post‑money valuation reached $2.45 billion, according to company officials.
Coinbase said the partnership aligns with its goal of accelerating on‑chain adoption in high‑growth markets.
CoinDCX financial results show sustained momentum and recovery
According to CoinDCX’s July 2025 investor update, the DCX Group, which includes CoinDCX (India), BitOasis (UAE and Bahrain), and Okto, reported:
- Annualized group revenue: ₹1,179 crore (≈ $141 million USD)
- Annualized transaction volume: ₹13.7 lakh crore (≈ $165 billion USD)
- Assets under custody (AUC): ₹10,000 crore (≈ $1.2 billion USD)
Coinbase reinforces long-term regional partnerships
Coinbase Chief Business Officer Shan Aggarwal said in a company blog post that the investment “adds to our growing presence in emerging markets” and reflects confidence in local Web3 builders.
Coinbase has been an investor in CoinDCX since 2020 through Coinbase Ventures, which also participated in CoinDCX’s Series D funding round in 2022. The new investment was made directly from Coinbase’s corporate balance sheet.
Regulatory developments shape India’s crypto environment
India remains a high‑potential but highly regulated market for digital assets. Coinbase re‑entered the country earlier in 2025 after registering with the Financial Intelligence Unit (FIU) under India’s anti-money-laundering framework.
The government currently applies a 30 percent capital gains tax on crypto income and a 1 percent tax deducted at source (TDS) on transactions. These regulations, combined with growing institutional engagement, have encouraged greater transparency among licensed crypto platforms.
Analyst Monica Jasuja, cited by Decrypt and the Emerging Payments Association Asia, said Coinbase’s renewed presence could encourage additional foreign investment and may prompt policy evolution around international exchange participation.
"Rather than fighting regulatory headwinds again, Coinbase is opting for the 'partner to penetrate' model—a playbook we've seen work well in complex regulatory markets across Asia"
Roman Zaika
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