Key Points
- Coinbase is investing in CoinDCX, one of India’s largest cryptocurrency exchanges.
- The investment is part of Coinbase’s expansion strategy in India and the Middle East.
Coinbase has revealed plans to invest in CoinDCX, a major cryptocurrency exchange in India. This forms part of their broader strategy to expand their footprint in India and the Middle East.
Coinbase’s goal is to bolster trust and increase access to cryptocurrency services in these regions, where millions of people are already using digital assets.
Coinbase Supports CoinDCX’s Expansion in India
The recent investment builds upon Coinbase’s previous backing of CoinDCX via Coinbase Ventures. Brian Armstrong, CEO of Coinbase, noted the robust technological adoption in India and the Middle East, with over 100 million people now holding crypto assets.
Armstrong emphasized the importance of these regions to the future of digital finance and how they will shape the evolution of the on-chain economy in the upcoming years.
CoinDCX has demonstrated consistent growth despite industry challenges, earning a reputation for reliability and working closely with regulators to promote safe trading.
As of July 2025, CoinDCX reported annual revenue of around $141 million and total transaction volumes of approximately $165 billion. The firm’s assets under custody have exceeded $1.2 billion, and its user base has grown to over 20 million.
Shan Aggarwal, who heads corporate development at Coinbase, stated that the investment reflects the firm’s strong confidence in CoinDCX’s leadership and business model. However, the transaction is still pending regulatory approval and other closing procedures.
India and the Middle East as Emerging Crypto Markets
India and the Middle East are becoming leading regions for cryptocurrency adoption, with their large population and interest in digital finance attracting major exchanges like Coinbase.
Many local startups are also exploring innovative ways to utilize blockchain technology for payments and financial inclusion.
Sumit Gupta, co-founder and CEO of CoinDCX, expressed gratitude to Brian Armstrong for his continued trust in the company and India’s crypto market.
In a recent post, Gupta recalled a conversation from years ago when Armstrong advised him to build with honesty and for the long term.
