Coinbase Expands into India with Investment in CoinDCX
Coinbase, one of the top three cryptocurrency exchanges by trading volume, is expanding into India. The company announced a strategic investment in CoinDCX, a Web3 infrastructure startup.
In a post on X, Coinbase highlighted that India and the Middle East have over 100 million crypto users. This number is expected to grow rapidly.
After facing regulatory challenges earlier, Coinbase aims to strengthen its presence in India. The investment will support CoinDCX’s development of blockchain tools for digital identity and decentralized payments tailored to India’s crypto ecosystem.
Coinbase CEO Brian Armstrong said, “There’s rapid tech adoption in India and the Middle East, and already 100M+ crypto holders. Excited to do more in these markets and help to keep accelerating adoption. Coinbase is going global.”
Sumit Gupta, Co-Founder of CoinDCX, added, “This isn’t just about capital, it is about conviction in our long-term vision, our regulatory-first approach, and India and the UAE’s growing role in the global crypto movement.”
The funding, subject to regulatory approvals, will increase CoinDCX’s post-money valuation to $2.45 billion.
Coinbase’s Global Expansion Efforts
Coinbase has been expanding globally through partnerships and new services. In July, JPMorgan Chase partnered with Coinbase to offer crypto services to over 80 million Chase customers.
Coinbase also teamed up with PNC Bank to allow PNC customers to buy, sell, and hold cryptocurrencies directly within their accounts.
The exchange has added many perpetual futures and derivatives to attract institutional traders. It also registered with India’s Financial Intelligence Unit (FIU), signaling a gradual market re-entry.
Coinbase is building payment infrastructure with USDC stablecoin, merchant tools, and on-chain financial services. This aims to make Coinbase a full-stack Web3 platform.
About CoinDCX
CoinDCX is India’s largest crypto exchange, serving over 20 million investors. In 2024, it expanded into the Middle East and North Africa by acquiring BitOasis.
In 2024, CoinDCX launched a Crypto Investors Protection Fund (CIPF) with INR 50 crore. The fund compensates users for losses from security breaches. The company commits 2% of its brokerage income annually to this fund.
In July 2025, CoinDCX suffered a cyberattack that led to the theft of $44 million from an internal account. No user funds were lost, as customer assets were stored in cold wallets. CoinDCX quickly isolated the affected wallet and improved its security with external firms.
The platform also started a white-hat recovery bounty program. Ethical hackers can earn up to 25% of recovered funds, enhancing security collaboration.
As of now, CoinDCX has a 24-hour trading volume of about $12.33 million and holds over $128 million in assets, according to CoinMarketCap.
Coinbase’s partnership with CoinDCX reflects its confidence in India’s developer community and blockchain potential. The company plans to work with local regulators and startups to promote compliant crypto innovation.
