Coinbase, the U.S.‑based cryptocurrency exchange, has put fresh capital into India’s growing crypto scene by buying a stake in CoinDCX. The move values CoinDCX at about $2.45 billion, a boost that highlights the pace of crypto growth in South Asia.
CoinDCX is one of India’s largest digital‑asset platforms, serving more than three million users and offering trading, lending and NFT services. The company’s valuation, which jumps from last year’s $1.6 billion, comes as the Indian market continues to attract global investors in search of fast‑growing user bases and regulatory clarity.
The investment comes as part of Coinbase’s broader strategy to expand beyond North America. By partnering with local exchanges, the company hopes to tap India’s hungry crypto appetite and diversify its revenue streams. Coinbase CEO, Paul Greer, said the collaboration will help both firms build deeper infrastructure and improve trading options for users around the world.
Industry analysts say the deal signals a shift toward more cross‑border crypto partnerships. Many believe that Coinbase’s presence will give Indian exchanges like CoinDCX a boost in technology and reputation, potentially attracting even more investors.
In short, Coinbase’s stake in CoinDCX shows that U.S. crypto leaders are keen to invest in India, where crypto trading volumes continue to climb. For CoinDCX, the $2.45 billion valuation may open doors to new technology and global partnerships that could shape the future of digital assets in the region.
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