Crypto exchange CoinDCX raising fresh capital from existing investor Coinbase
15 Oct 2025, 04:30 PMPrior to this funding round, CoinDCX had raised $135 million in April 2022 in a funding round led by Pantera Capital and Steadview Capital Management.
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CoinDCX, a crypto exchange in India and the Middle East, is raising fresh capital from its existing backer Coinbase at a valuation of $2.45 billion.
"This investment adds to our growing presence in the region and reinforces our belief that India and the Middle East are poised to help shape the future global onchain economy," said Coinbase in a blogpost.
The company did not specify the amount it is investing.
The fresh investment could come as a breath of fresh air as the company has seen some top level exits this year. Just last month CoinDCX's chief human resource officer (CHRO) Mudita Chauhan and chief information security officer Sridhar G stepped down.
The company was also hit by a "sophisticated server breach" in July resulting to a loss of around $44 million.
As of July 2025, CoinDCX’s annualized group revenue was $141 million, annualized transaction volumes across products was $165 billion, and assets under custody was over $1.2 billion, the blogpost said. Its user base has exceeded 20.4 million, it added.
This transaction is subject to regulatory approvals and other customary closing conditions.
Prior to this funding round, CoinDCX had raised $135 million in April 2022 in a funding round led by Pantera Capital and Steadview Capital Management. At that time the company was valued at $2.15 billion.
Other investors in CoinDCX include Polychain, Bain Capital, Jump Capital, Pantera, Steadview Capital,Kingsway, Draper Dragon, R Capital, Kindred, Block.One and Cadenza.
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