Coinbase Invests in CoinDCX, Valuing Exchange at $2.45B

Coinbase invests in CoinDCX, boosting the Indian exchange’s valuation to $2.45 billion from $2.15 billion. This investment underscores Coinbase’s commitment to responsible innovation in the Asia crypto market and follows its licensing wins in Singapore and Dubai. CoinDCX, founded in 2018, serves over 20 million users. It reported annual revenue of ₹11.79 billion (~$133 million), transaction volume of ₹13.7 trillion (~$154.6 billion) and client assets above ₹100 billion (~$1.12 billion). The fresh capital will drive user growth, geographic expansion and education initiatives. After a $44 million security breach in July, CoinDCX launched an $11 million bounty for recovery leads. Coinbase invests in CoinDCX as part of a broader Asia onchain economy push. It also acquired derivatives platform Deribit to offer Bitcoin and Ethereum spot, futures and options on a single platform. Separate stakes in prediction market Kalshi ($300M Series D at $5B valuation) and Coinflow ($25M Series A) highlight its strategic focus on stablecoin infrastructure and regulated exchanges.