Coinbase Ventures has made an investment in CoinDCX following its acquisition of BitOasis, raising the exchange’s valuation to $2.45 billion and strengthening Coinbase’s position in India and the UAE.
Coinbase Ventures invests in CoinDCX at $2.45 billion valuation
Coinbase Ventures, the investment arm of US crypto exchange Coinbase, has invested an undisclosed amount in Indian platform CoinDCX, raising its post-investment valuation to $2.45 billion.
CoinDCX co-founder and CEO Sumit Gupta confirmed the deal in an X-post, noting that it is another step in the company’s international expansion.
CoinDCX now serves over 20 million users in India and the United Arab Emirates after acquiring local exchange BitOasis in late 2024.
CoinDCX Financials
According to Coinbase, as of July 2025, CoinDCX had:
- $141 million in annual revenue,
- $165 billion in annual trading volume,
- $1.2 billion in assets under custody.
Despite this, the company was hacked in July, during which $44 million was stolen, but the platform quickly restored operations and strengthened security.
India and the Middle East are strategic markets for Coinbase
Coinbase noted that India and the Middle East will become key regions for the development of the crypto economy. India is estimated to have about 115 million cryptocurrency users.
Despite a tight regulatory environment — the Indian government is promoting a central bank digital currency (CBDC), and Commerce Minister Piyush Goyal has criticized Bitcoin as an “asset with no intrinsic value” — Coinbase continues to seek partnerships.
In August, Coinbase’s chief legal officer Paul Grewal met with the IT minister of Karnataka to discuss how Coinbase can support India’s tech ecosystem.
Coinbase’s series of strategic investments
The investment in CoinDCX is not an isolated case. In recent months, Coinbase Ventures has been actively funding crypto and fintech projects:
- Crown (Brazil) — $8.1 million to launch a stablecoin pegged to the real;
- Stablecore (USA) — $20 million to develop infrastructure for credit unions and banks;
- RedotPay (Hong Kong) — $47 million in a company developing solutions for stablecoin payments;
- Bastion — $14.6 million in a startup with a white-label stablecoin issuance with the participation of Sony, Samsung and A16z.
Related: Coinbase applies for National Trust Charter banking license in the US
