Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B amid growing digital-asset opportunities.
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Coinbase Expands CoinDCX Investment To $2.45B
Coinbase Boosts Investment In India’s CoinDCX, Valuing Exchange At $2.45B Coinbase boosts investment in India’s CoinDCX, valuing the exchange at $2.45B as the U.S. crypto giant doubles down on India’s growing digital-asset potential despite regulatory uncertainty. The move reinforces Coinbase’s long-term commitment to the Indian crypto ecosystem, positioning CoinDCX as one of the country’s most valuable exchanges. Image Credits:Robert Nickelsberg / Getty Images Coinbase’s Strategic Bet On India’s Crypto Future The investment marks an extension of CoinDCX’s previous funding round, subject to regulatory approvals and standard closing conditions. While neither company disclosed the investment size or Coinbase’s updated stake, they confirmed that CoinDCX’s valuation has risen from $2.15 billion in its 2022 funding round to $2.45 billion today. This valuation boost highlights increasing investor confidence in India’s Web3 landscape, even as policymakers continue to shape the nation’s crypto reg…
