Coinbase agreed to invest in the CoindCX, one of India’s largest crypto exchanges, in a transaction that remains subject to regulation approval and other customary closure conditions, according to statements published Wednesday by Coinbase Chief Business Officer Shan Aggarwal and CoindCX co-founder and CEO Sumit Gupta.
Aggarwal Framing Moving as a lasting stakes in India and the role of the Middle East in the onchain economy, citing the population scale, rising tech adoption and a major basis of crypto users. He said the promise constitutes earlier support through Coinbase Ventures and is aligned with the expansion of local operations and partnerships of Coinbase.
Aggarwal also highlights the operating scale reported in July 2025: Annualized Group Revenue of 11.79 billion Rupees ($ 141 million), annual transaction volume of 13.7 trillion Rupees ($ 165 billion), possessions under caution above 100 billion rupees ($ 1.2 billion) and a user base of over 20 million.
Gupta Called Investing an extension of the previous CoindCX fundraise and said it appreciated the company in the $ 2.45 billion money post, which re -closes that the closure remains dependent on the approval. He has recognized Coinbase’s backing since 2020 and described the step as a vote of confidence in the team’s mission to develop a trusted, following platform throughout India, the UAE and more.
Gupta pointed out the expansion by getting Bitoaasis and the growth of the Okto Web3 product suite, stating that fresh capital would accelerate product launch, market entries, and security initiatives.
For context, in April 2022, the CoindCX raised $ 135 million to a $ 2.15 billion appreciation; Bloomberg Report Pantera Capital and Steadview Capital Management led the twist, while Reuters Notes Coinbase ventures participate.
