CosmicTaco

Coinbase Invests Again, Boosts CoinDCX Valuation

CosmicTaco · 2025-10-16T11:47:04.134795+05:30

- Coinbase is expanding its footprint in India and the Middle East with a fresh investment in CoinDCX, at a valuation of $2.45 billion. - India and neighboring countries are seen as pivotal to the future of the global onchain economy by Coinbase. - CoinDCX's new funds from Coinbase extend their funding journey from the initial investment in 2020, said Sumit Gupta. - With the new capital, CoinDCX aims to strengthen its business, explore new markets, and launch innovative products in the Web3 space. - Despite a significant hack earlier, CoinDCX's revenue and user base continue to grow, underscoring its resilience in the competitive crypto ecosystem. Source: [Inc42](https://inc42.com/buzz/coinbase-doubles-down-on-coindcx-makes-fresh-investment-at-2-45-bn-valuation/)

Coinbase is expanding its footprint in India and the Middle East with a fresh investment in CoinDCX, at a valuation of $2.45 billion.
India and neighboring countries are seen as pivotal to the future of the global onchain economy by Coinbase.
CoinDCX's new funds from Coinbase extend their funding journey from the initial investment in 2020, said Sumit Gupta.
With the new capital, CoinDCX aims to strengthen its business, explore new markets, and launch innovative products in the Web3 space.
Despite a significant hack earlier, CoinDCX's revenue and user base continue to grow, underscoring its resilience in the competitive crypto ecosystem.

Source: Inc42