CoinDCX hits $2.45B valuation as Coinbase increases stakes in Indian market

Today, Conbase announced it has increased investment in India’s cryptocurrency exchange, CoinDCX. Coinbase’s new investment values CoinDCX at $2.45 billion ￰0￱ crypto giant stated that the investment is an extension of a previous funding round and is pending regulatory approvals. Coinbase’s stake remains ￰1￱ latest funding increased from CoinDCX’s valuation of $2.15 billion in April ￰2￱ strengthens ties with CoinDCX expansion Fueling the Next Phase of Growth 🚀 I am excited to share that @Coinbase has entered into an agreement to make an investment in @CoinDCX (closing subject to regulatory approvals) valuing us at $2.45B ￰3￱ this isn't just about capital, it is about conviction in our… ￰4￱ — Sumit Gupta (CoinDCX) (@smtgpt) October 15, 2025 CoinDCX confirmed that Coinbase’s new capital funded the new ￰5￱ ￰6￱ has invested in CoinDCX since ￰7￱ Ventures recently backed the Indian exchange in its Series D round in ￰8￱ Gupta, co-founder and CEO of CoinDCX, said that he sees a strong partnership with Coinbase in building a compliant and regulatory-friendly crypto ecosystem in India, MENA, and ￰9￱ Aggarwal, Vice President, Head of Corporate Development & Ventures at Coinbase, stated that the investment enhances Coinbase’s growing presence in India and the Middle ￰10￱ believes that India and the Middle East will help shape the future of the global on-chain economy.

“Taken together, these steps reflect a clear ￰11￱ transaction is subject to regulatory approvals and other customary closing conditions.” – Shan Aggarwal , Vice President, Head of Corporate Development & Ventures, Coinbase Coinbase announced that it is doubling down on CoinDCX to expand its presence in ￰12￱ Indian exchange has a strong local footprint with over 20.4 million ￰13￱ reported yearly group revenue of ₹11.79 billion (approximately $133 million). The firm also reported annualized transaction volumes across products of ₹13.7 trillion (approximately $154.6 billion). Client assets exceeded ₹100 billion (approximately $1.12 billion) as of ￰14￱ co-founder Sumit Gupta said that the fresh capital will accelerate the firm’s vision to launch new products across the Web3 ￰15￱ indian exchange revealed that the new capital will be used to drive user growth, expand into new geographies, and deepen educational ￰16￱ named India and the Middle East “top regions for crypto growth” due to high adoption, supportive regulation, and economic ￰17￱ commits $11 million for asset recovery Notably, the funding comes just months after CoinDCX experienced a security breach in July, resulting in the theft of approximately $44 million worth of ￰18￱ Gupta stated in a post on X that the attacker had accessed an internal account used solely for liquidity provisioning on a partner ￰19￱ confirmed that the most stolen assets were held in a Solana wallet, which had approximately 155,830 SOL (~$27.6 million), and an Ethereum wallet, which held about 4,443 ETH (~$15.7 million).

Sumit mentioned that the compromised account did not contain client money, but rather an internal operational ￰20￱ emphasized that the account is “only used for liquidity provisioning on a partner exchange.” Sumit asserted that all consumer wallets were unharmed despite the “sophisticated server attack.” On June 22, CoinDCX offered up to 25% of the recovered cash as a reward to anyone who provided helpful information that aided in the recovery of assets lost in a security ￰21￱ bounty could reach up to $11 million in the event of a full recovery of the stolen ￰22￱ October 14, Coinbase announced the completion of its acquisition of ￰23￱ is a cryptocurrency derivatives exchange that specializes in options and futures contracts for Bitcoin and ￰24￱ acquisition followed Deribit’s record-breaking month of revenue and volume, with July 25 volumes surpassing $185 billion and around $60 billion in open interest on the ￰25￱ stated that the acquisition brings it closer to offering the full spectrum of trading products, spot, futures, perpetuals, and options, all in one seamless ￰26￱ up to Bybit and start trading with $30,050 in welcome gifts