Coinbase backs CoinDCX at $2.45 Bn valuation

Crypto exchange CoinDCX has announced an undisclosed investment from Coinbase at a post-money valuation of $2.45 billion.

Coinbase has been an investor in CoinDCX since 2020. According to the company, the current investment round is an extension of the previous one. In April 2022, CoinDCX raised $135 million at a valuation of over $2 billion, with Coinbase also participating in the round.

CoinDCX turned unicorn in August 2021 when the firm raised $90 million in Series C round. 

The new funding will support product development, new on-chain use cases, and expansion into international markets. The company will also continue to focus on compliance and education initiatives.

Founded in 2018, CoinDCX provides crypto trading and investment solutions to over 20 million users in India. It offers more than 500 crypto assets and 200 trading pairs across products designed for both retail and institutional investors. The company expanded to the Middle East and North Africa (MENA) in 2024 through the acquisition of BitOasis.

CoinDCX operates under DCX Group, which also includes CoinDCX Ventures and Okto, its Web3 wallet platform with 20 million users.

CoinDCX has undergone multiple leadership changes in 2025. In June, the company announced that its chief technology officer and head of legal would exit. Later, in September, its Chief Human Resources Officer, Mudita Chauhan, and Chief Information Security Officer, Sridhar G, resigned. Around July, CoinDCX also appointed new heads: Amol Wanjari as Head of Engineering and Sangeeth Aloysius as Head of Product. 

After being suspended for three years, US-based crypto exchange Coinbase has restarted its operations in India with an early access program for selected users. The relaunch, confirmed on October 3, 2025, comes after Coinbase registered with India’s Financial Intelligence Unit (FIU) in March 2025 to meet anti-money laundering (AML) rules.