Coinbase Doubles Down On CoinDCX, Makes Fresh Investment At $2.45 Bn Valuation

The capital infusion is part of Coinbase’s plans to scale its presence in India and the Middle East

Coinbase said it believes that India and its neighbours will help shape the future of the global onchain economy

In a blog post, CoinDCX cofounder Sumit Gupta said that the funding is an extension of its previous fundraise after its first investment in 2020

Crypto exchange CoinDCX has secured fresh funding from existing investor Coinbase, valuing the crypto unicorn at a post-money valuation of $2.45 Bn.

The capital…