Coinbase invests in CoinDCX… "India and the Middle East will lead the future of the on-chain economy"

Global cryptocurrency exchange Coinbase has begun a full-scale expansion into the Indian and Middle Eastern markets and made an additional investment in India’s leading exchange CoinDCX. This investment is a follow-on to a previous round that involved Coinbase Ventures, and the company said it reiterated its confidence in the growth of the on-chain economy centered on India and the Middle East.

Coinbase said on the 15th (local time) on its official blog, "India and the Middle East have established themselves as some of the fastest-growing crypto markets in the world based on high adoption rates, clear regulation, and economic potential," adding, "this investment reflects confidence in the region’s future growth potential and CoinDCX’s leadership."

India and the Middle East are currently assessed as markets with a population of more than 1.4 billion people and over 100 million crypto asset holders. CoinDCX has grown into India’s largest retail-focused platform through trust-based operations and collaboration with regulators, and recently expanded its business into the Middle East.

According to Coinbase, CoinDCX’s annualized group revenue as of July 2025 exceeded 117.9 billion rupees (approximately $141 million), annualized trading volume exceeded 13.7 trillion rupees (approximately $165 billion), and assets under management exceeded 1 trillion rupees (approximately $1.2 billion). The number of users stands at 20.4 million. Coinbase assessed that "after CoinDCX overcame the challenges it faced earlier this year, we became even more convinced of the strengths of the team and the platform."

This investment is expected to further strengthen Coinbase’s presence in the Indian and Middle Eastern markets. The company has already secured local operating bases and is expanding key partnerships, and it plans to formalize the cooperation after regulatory approvals and deal-closing procedures.

Shan Aggarwal, Vice President of Global Corporate Development at Coinbase, said, "We are confident that India and neighboring countries will become a core pillar of the global on-chain economy," and added, "through cooperation with CoinDCX, we will provide reliable and useful cryptocurrency services to hundreds of millions of users."