Coinbase to Invest in India's CoinDCX, Expand in South Asia and the Middle East
Coinbase is increasing its international presence by investing in CoinDCX, an Indian crypto exchange now valued at $2.45 billion. The move highlights Coinbase’s focus on emerging markets, particularly India and the Middle East, as critical for global crypto adoption. The investment is pending regulatory approval. CoinDCX recently reported strong financials, including $141 million in annual revenue and $165 billion in annualized transaction volumes. Coinbase sees rapid technology adoption and over 100 million crypto holders across these regions as major growth drivers. Industry experts suggest that, instead of navigating complex regulations directly, Coinbase is using partnerships to expand, enabling greater collaboration between local and foreign exchanges. The investment follows CoinDCX’s recovery from a previous hack and its ongoing expansion into Middle Eastern markets, aiming to connect India’s tech ecosystem with Gulf capital and regulations. The deal may also prompt faster regulatory clarity around foreign investment and compliance, although immediate changes are not guaranteed.
