Coinbase Increases Investment in India’s CoinDCX, Valuing Crypto Exchange at $2.45 Billion
Coinbase has reportedly increased its investment in Indian cryptocurrency exchange CoinDCX, valuing the platform at $2.45 billion according to sources. The move signals the US crypto giant’s continued commitment to the Indian market despite regulatory uncertainty and recent security challenges.
Coinbase Expands Indian Presence Through CoinDCX Investment
Coinbase has reportedly increased its investment in India’s leading cryptocurrency exchange CoinDCX, according to sources familiar with the matter. The investment extension values the Indian exchange at $2.45 billion post-money, analysts suggest, representing a significant increase from its previous valuation of $2.15 billion during its April 2022 funding round.