Coinbase to Increase Investment in One of India’s Largest Crypto Exchanges

Markets, Coinbase, CoinDCX, India, News The pending deal extends Coinbase’s backing and follows CoinDCX’s 2022 raise of $135 million at a $2.15 billion valuation. 

Coinbase has agreed to invest in CoinDCX, one of India’s largest crypto exchanges, in a transaction that remains subject to regulatory approvals and other customary closing conditions, according to statements published Wednesday by Coinbase Chief Business Officer Shan Aggarwal and CoinDCX co-founder and CEO Sumit Gupta.

Aggarwal framed the move …

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