India’s leading cryptocurrency exchange CoinDCX has secured a fresh undisclosed investment from Coinbase, valuing the company at $2.45 billion post-money. This marks an extension of the firm’s previous funding round and strengthens the strategic partnership between the two exchanges.
Coinbase, which first invested in CoinDCX in 2020, also participated in its $135 million Series D round in April 2022, when CoinDCX was valued at over $2 billion. The company first entered the unicorn club in August 2021, following a $90 million Series C round.
The latest funding will fuel product innovation, on-chain development, and international expansion, with a strong focus on compliance and crypto education. CoinDCX aims to broaden its ecosystem beyond trading, enabling real-world use cases for blockchain technology.
Founded in 2018, CoinDCX currently serves over 20 million users in India, offering access to 500+ crypto assets and 200 trading pairs across retail and institutional products. The platform operates under DCX Group, which also houses CoinDCX Ventures and Okto, a Web3 wallet solution with 20 million users.
In 2024, the company expanded internationally by acquiring BitOasis, marking its entry into the Middle East and North Africa (MENA) region. However, 2025 has been a year of restructuring, with key leadership exits and new appointments including Amol Wanjari as Head of Engineering and Sangeeth Aloysius as Head of Product.
The investment also coincides with Coinbase’s return to India after a three-year suspension. The US-based exchange relaunched its services in October 2025 under an early access program after registering with India’s Financial Intelligence Unit (FIU) to comply with anti-money laundering norms.
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