Coinbase has expanded its commitment to the burgeoning crypto markets in India and the Middle East with a new investment in CoinDCX, a leading regional exchange.
The move builds on earlier backing through Coinbase Ventures and reflects confidence in the region’s growing role in the global on-chain economy.
Coinbase said CoinDCX has built trust with users and regulators while extending its footprint across the Middle East.
As of July 2025, CoinDCX reported annualised group revenue of ₹1,179 crore (about US$141 million), annualised transaction volumes across products of ₹13.7 lakh crore (about US$165 billion), and assets under custody above ₹10,000 crore (about US$1.2 billion). The platform’s user base exceeds 20.4 million.
Coinbase added that CoinDCX’s ability to navigate challenges earlier this year strengthened its conviction in the company’s leadership and platform.
The investment broadens Coinbase’s footprint in South Asia and the Middle East, where it already maintains local operations and partnerships, and signals confidence in the region’s evolving on-chain ecosystem.
The transaction is subject to regulatory approvals and customary closing conditions.
Shan Aggarwal, Chief Business Officer at Coinbase, said in a blog post,
“We’re excited to work alongside CoinDCX and other partners in the region to make crypto more accessible, more useful, and more trusted for millions of people.
And we’ll continue looking for opportunities to collaborate with builders across India as we expand our international footprint.”
Featured image: Edited by Fintech News Singapore, based on image by Trend2023 via Freepik
