Cryptocurrency investments and funding have skyrocketed in 2025, especially after Donald Trump took office early this year.
Adding to it now, even though regulation is still unknown and in the grey area in India, the U.S. cryptocurrency firm Coinbase has boosted its stake in India’s CoinDCX, valuing the exchange at $2.45 billion post-money.
Coinbase’s investment in CoinDCX
According to the firm, on Wednesday, the investment represents an expansion of CoinDCX’s last capital round and is contingent upon regulatory clearances as well as standard closing conditions.
They mentioned that the current round raised the Indian exchange’s valuation from $2.15 billion in its last fundraising in April 2022, but they did not reveal the amount spent or the level of Coinbase’s ownership.
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CoinDCX said to TechCrunch that Coinbase is the source of the most recent financing. Through its venture capital division, Coinbase Ventures, the U.S. exchange has been an investor in CoinDCX since 2020 and most recently supported the Indian exchange in its Series D round in 2022.
The cash is noteworthy since it was obtained just months after CoinDCX experienced a security breach in July that resulted in the loss of assets valued at around $44 million.
It coincides with earlier this year’s allegations that Coinbase was purchasing CoinDCX, which the CEO of the Indian exchange refused at the time.
What do the leaders say?
“This investment adds to our growing presence in the region, where we also maintain local operations and other important local partners,” said Coinbase’s chief business officer, Shan Aggarwal, in a blog post.
“Taken together, these steps reflect a clear commitment: we believe India and its neighbours will help shape the future of the global onchain economy.”
Coinbase re-entered the Indian market earlier this year by registering with the Financial Intelligence Unit of the nation, more than a year after it had stopped operations there.
Another well-known Indian cryptocurrency trading platform, CoinSwitch, is also owned by the U.S. exchange.
India and cryptocurrencies
India still needs to provide clear statements on the rules and regulations governing cryptocurrencies. However, the Finance Minister and her government have clearly stated that India will not implement full-force crypto regulations, as the importance and representation of cryptocurrencies might hinder the country’s UPI payment infrastructure.
India’s tax system on cryptocurrency is also very tight and vigorous. There have been several complaints about the tax system being unfair.
The outcome of the investment in CoinDCX and how the funds can benefit the country’s crypto system is yet to be seen.
Also Read: CoinDCX CEO Shares Vision For Safe & Compliant Crypto Withdrawals In 2025 Amid Rising Scams