Coinbase has stepped up its commitment to the Indian and Middle Eastern crypto markets with a major investment in CoinDCX, a leading regional crypto exchange, according to an official announcement on October 14, 2025.
This strategic move underscores Coinbase’s intention to tap into two of the world’s fastest-growing crypto regions.
CoinDCX, founded in 2018, commands a user base exceeding 20 million and reported an impressive $165 billion in annualized transaction volumes as of July 2025.
The exchange also manages assets worth $1.2 billion under custody and generated an annualized revenue of $141 million.
Despite a costly $44 million hack incident in July, CoinDCX maintains a robust growth trajectory and a valuation now pegged at $2.45 billion post-money with Coinbase’s latest funding.
Massive Growth Potential in Focus
Coinbase’s chief business officer, Shan Aggarwal, highlighted the expansive opportunity that India and the Middle East present in global crypto adoption.
"India and the Middle East are set to play a big role in the future of crypto," he noted, emphasizing CoinDCX’s scalable financial health and growth strategy positioned at the center of this surge.
This new infusion of capital not only reinforces Coinbase’s confidence in CoinDCX’s long-term vision but also aligns with the dual goal of expanding product offerings.
Supporting international growth into the Middle East and North Africa regions, recently entered by CoinDCX through its acquisition of BitOasis.
Regulatory Steps and Strategic Synergies
The deal remains subject to regulatory approval before finalization. CoinDCX Co-founder and CEO Sumit Gupta welcomed the investment, highlighting the synergy between Coinbase and CoinDCX in building a compliant and regulation-friendly ecosystem in India and MENA (Middle East and North Africa).
He expressed optimism about accelerating innovation and adoption in these emerging markets.
Backed by key global investors like Polychain, Bain Capital, and Jump Capital, CoinDCX supports over 500 crypto assets and 200 trading pairs.
The exchange employs more than 400 people in Bengaluru and continues to solidify its footprint amidst fierce competition including Binance and WazirX in India.
This strategic investment also creates a regional corridor, linking India’s massive user base with capital from the Middle East.
Further integrating two booming cryptocurrency markets, and signaling Coinbase’s broader ambitions beyond the United States