Coinbase, the most popular cryptocurrency exchange in the world, has backed to a greater extent Indian crypto exchange CoinDCX once again with a larger investment, which is a strategic move that tremendously increases the valuation of CoinDCX. This investment is a component of a more significant funding program, which further strengthens the relations between the two crypto giants. Coinbase Ventures, which is the venture arm of Coinbase, has been a steady investor in CoinDCX, having invested in funding rounds of the Indian exchange since 2020. The recently raised capital is a strong vote of confidence in the standing of CoinDCX in the highly developing Indian crypto market.

Valuation and Series D funding round

The fresh capital has propelled the post-money worth of CoinDCX to $2.45 billion. It is a significant growth compared to the last valuation of $2.15 billion. With almost 20.4 million users in India, the company has shown a high level of operational performance. This large user base helps in giving the company a transaction volume of about $165 billion annually.

Financially, the firm reported annualized group revenues of ₹1,179 crores (approximately $141 million) in July 2025. This economic sustainability and large customer base are some of the main reasons that prompted the greater support by Coinbase, regardless of the regulatory fluidity and market challenges that tend to define the new crypto industry in India and other parts of the world.

The amount of funds raised by Coinbase via additional capital directed towards the business is not publicized as part of the Series D capital round of CoinDCX. The current investors in the exchange led this latest round, thus showing high confidence in the current financial backers of the exchange. Although the exact amount of money that Coinbase invested in this particular round is not disclosed, the fact that Coinbase is an existing investor indicates that the company believes in the vision of CoinDCX and can lead the Indian market.

The new capital will be used to grow the product development of CoinDCX and its products. The resources will be essential in its further quest to democratize access to Web3 and the digital assets ecosystem for the Indian population. The exchange will also use the investment to strengthen its compliance and regulatory initiatives necessary in the field of functioning within the Indian legal environment, which is still developing in the field of digital assets. The focus on compliance indicates the willingness of the company to pursue a balanced approach to innovation and effective regulation.

Market growth and operational stability

CoinDCX is in a situation where 74% of new markets are actively forming regulatory approaches to regulate digital assets. CoinDCX has continued to grow despite the nature of its operations in this difficult, but promising, terrain. Although the company has experienced an incident worth $44 million in security earlier in 2025, it has been resilient in ensuring its growth and operational stability. 

The Coinbase investment is considered to be a major strategic step, both in terms of capital injections and in terms of enhancing the partnership with one of the world’s leaders in the industry. The collaboration will assist CoinDCX in tapping global best practices in technology and security to expand its platform to the millions of Indian users who are entering the crypto and Web3 space.

Conclusion

Coinbase decided to invest more in CoinDCX, estimating the value of the Indian exchange to be $2.45 billion speaks volumes in terms of the huge potential of the Indian cryptocurrency market. The investment, which is part of the Series D round, will help CoinDCX advance its future user base and platform expansion, particularly product development and Web3 adoption. By enhancing its financial and strategic relationships with one of the world’s leaders in the sector, Coinbase, and a closer focus on regulatory compliance, CoinDCX stands to establish its leadership in India and to keep on democratizing access to the digital assets ecosystem to its more than 20.4 million users.