Coinbase to increase stake in CoinDCX, valuing Indian crypto exchange at $2.45 billion

Coinbase, the US-based cryptocurrency platform, has entered into an agreement to invest further in CoinDCX, an Indian crypto exchange. The funding, which is subject to regulatory approvals and customary closing conditions, is an extension of CoinDCX’s previous round and will value the company at $2.45 billion post-investment.

CoinDCX said the fresh infusion reinforces its position in India’s digital asset market and will help expand its product suite, introduce new on-chain use cases for India, and support international expansion. The company…