Coinbase Funds CoinDCX to Expand in India and Middle East
Coinbase Funds CoinDCX to Expand in India and Middle East
Coinbase Funds CoinDCX has committed fresh capital to CoinDCX, building on a $2 billion Series D round in 2022 and over $250 million in local blockchain investments. This strategic funding strengthens Coinbase’s footprint in the India crypto market and the Middle East.
CoinDCX serves over 20 million users and reported ₹13.7 lakh crore ($165 billion) in trading volume, ₹10,000 crore ($1.2 billion) in assets under custody, and ₹1,179 crore ($141 million) in annualised revenue as of July 2025. The investment, pending regulatory approval, aligns with India’s push for clear crypto licensing, KYC and AML standards, and increased central bank engagement.
By partnering with a compliant exchange like CoinDCX, Coinbase aims to access more than 100 million crypto holders across these regions. The move follows CoinDCX’s swift recovery from a $44 million security breach and could drive trading volumes and liquidity as regulatory clarity improves.
Bullish
Coinbase’s renewed funding of CoinDCX underlines a strategic push into high-growth, regulated markets in India and the Middle East. By reinforcing local compliance and partnering with an exchange that boasts strong user metrics and a robust post-breach recovery, Coinbase is likely to drive higher trading volumes and liquidity. In the short term, traders may see increased market activity and positive sentiment around regulated platforms. Over the long term, clearer licensing and AML/KYC frameworks could foster sustained adoption, making this a bullish catalyst for the broader cryptocurrency ecosystem.