Coinbase is deepening its India expansion by planning to buy into CoinDCX, the country’s largest crypto exchange, in a deal valuing it at about $2.45 billion. The investment strengthens Coinbase’s long-term presence in a fast-growing but tightly regulated market, while giving it access to CoinDCX’s 20-million-plus users and large trading volumes. CoinDCX aims to use the new capital to expand products, support on-chain use cases, and grow across India and the Middle East. The move signals rising global confidence in India’s crypto ecosystem despite recent hacks and regulatory hurdles.
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