Coinbase has invested in CoinDCX, the largest cryptocurrency exchange in India, to target the over 100 million users in the Middle East and India.
The company’s long-term wager on the acceptance of cryptocurrencies in rapidly expanding areas is boosted by the October 15 announcement of the purchase, which values CoinDCX at $2.45 billion post-money.
Since 2020, Coinbase has been steadily strengthening its relationship with CoinDCX through its venture capital division. Coinbase’s goal is to establish stronger ties in areas where regulatory certainty has traditionally been difficult, but opportunities remain significant.
The largest regulated exchange in India is CoinDCX, headquartered in Mumbai, supported by leading international investors, including Pantera and Bain Capital.
As of July 2025, the firm had annualised revenue of $141 million and assets under management of $1.2 billion. Although India accounts for the greatest portion of its user base, the business’s 2024 acquisition of BitOasis, a startup located in Dubai, allowed it to spread throughout the Middle East and North Africa.
Coinbase Gains Access to Regulatory-Approved Markets
While India and the Gulf area continue to tighten and clarify regulations pertaining to digital assets, Coinbase’s investment stands out among global exchanges vying for regulatory-approved access to some of the world’s most populous crypto marketplaces.
Due to CoinDCX’s established brand loyalty, product offerings, and regulatory registrations, Coinbase now has indirect access to over 100 million regional cryptocurrency owners. CoinDCX’s FIU (Financial Intelligence Unit) registration and ISO 27001:2022 accreditation in India provide a compliance footprint that is essential for international partners such as Coinbase.
Coinbase is taking this strategic move in response to competing Asian and U.S. exchanges like Binance and Bybit, which face similar regulatory obstacles in their attempts to control regional cryptocurrency adoption. This move demonstrates Coinbase’s dedication to developing a compliant-first business and expanding its exposure to areas that may shape the next wave of global cryptocurrency.
The firm’s increasing position, even if the exact amount is not public, highlights its goals for influence in India and the MENA region and represents a growing strategy for international development at a time when regulatory attitudes towards cryptocurrency are evolving.
READ MORE: From $560 Million to Near $0: Why Hamster Kombat (HMSTR) Collapsed
