Coinbase Backs CoinDCX as Valuation Hits $2.45 Billion

Coinbase Expands in India with Strategic Investment in CoinDCX Cryptocurrency exchange Coinbase has invested an undisclosed amount in Mumbai-based platform CoinDCX pushing the latter’s valuation to $2.45 billion according to ￰0￱ investment is part of Coinbase Ventures’ earlier funding ￰1￱ last raised $135 million at a valuation of $2.15 billion in a round led by Pantera Capital and Steadview Capital ￰2￱ Strategy Focused on India and Middle East Coinbase’s move aligns with its broader expansion strategy in India and the Middle East

regions the company believes are critical for further cryptocurrency ￰3￱ adoption levels make these markets particularly attractive for long-term ￰4￱ is among India’s largest ￰5￱ parent group generates annual revenue of approximately $141 million with the platform serving 20 million users as of the end of August ￰6￱ investment deal is pending regulatory approval and the financial terms remain ￰7￱ reports suggested Coinbase was in talks to acquire CoinDCX for roughly $1 billion but CEO Sumit Gupta denied these ￰8￱ Challenges and Resilience In July 2025

CoinDCX experienced a security breach losing over $44 million from its operational ￰9￱ breach was reportedly caused by malware on an employee’s ￰10￱ user funds were affected as all customer assets were stored in secure cold ￰11￱ exchange absorbed the loss from its treasury and took additional measures to strengthen internal security demonstrating resilience despite the ￰12￱ has since enhanced multi-factor authentication

implemented real-time transaction monitoring and conducted regular internal audits to prevent future ￰13￱ company also emphasizes user education and awareness programs to ensure clients adopt safe security practices when managing their accounts.