MUMBAI, Oct 15 (Reuters) - Cryptocurrency exchange

Coinbase Global ( COIN ) said on Wednesday it had made an

investment in CoinDCX, which the Indian crypto exchange said

values it at a post-money valuation of $2.45 billion.

Coinbase Global's ( COIN ) investment follows multiple rounds of

investment in the Indian exchange by the firm's venture capital

arm, Coinbase Ventures.

In April 2022, Coinbase Ventures participated in a $135

million fundraise for CoinDCX, which had valued the firm at

$2.15 billion post-money.

As of July 2025, CoinDCX's annualized group revenue stood at

about $141 million, while its overall assets under custody were

at $1.2 billion.

"We believe India and its neighbors will help shape the

future of the global on-chain economy. This transaction is

subject to regulatory approvals and other customary closing

conditions," Shan Aggarwal, chief business officer at Coinbase,

said in a statement announcing the investment.