Coinbase to Increase Investment in Indian Crypto Exchange CoinDCX at $2.45B Valuation

Deal Summary

Coinbase has agreed to invest in CoinDCX, one of India’s largest crypto exchanges, in a deal that values CoinDCX at $2.45 billion post-money and is subject to regulatory approvals and customary closing conditions. The investment builds on prior support from Coinbase Ventures and will fund product launches, market expansion and security initiatives.