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Coinbase invests in Indian exchange CoinDCX at $2.45 bn valuation
Coinbase backs CoinDCX for $2.
Coinbase Global announced today it is investing in Indian crypto exchange CoinDCX, valuing the firm at $2.45 billion post-money. The deal follows Coinbase’s earlier investment in 2022, and comes as CoinDCX reports annualized revenue of ~$141 million and $1.2 billion in assets under custody. The move signals Coinbase’s continued push into the Indian and South Asian market, pending regulatory approvals. Source: Reuters