India's Crypto Sector Eyes a Boot with Coinbase's Renewed Focus, Investment in CoinDCX

Coinbase's latest investment in Indian crypto exchange CoinDCX marks a significant renewed commitment to India's growing cryptocurrency market, written by Entrepreneur India.

The US crypto giant has invested an undisclosed amount in CoinDCX, valuing the domestic exchange at $2.45 billion post-money. This partnership reflects Coinbase's belief that India, with over 100 million crypto owners and a tech-savvy population of 1.4 billion, will play a pivotal role in shaping the global digital economy. Despite previous regulatory challenges that forced Coinbase to withdraw its direct services from India in 2023, the company is now taking a more compliant approach through strategic partnerships with local players.

• CoinDCX has grown to over 20 million registered users with evolving demographics showing increased participation from women and tier 2-3 cities
• India's crypto market is projected to reach $15 billion by 2035, with annualized transaction volumes across DCX Group products hitting ₹13.7 lakh crore
• The partnership demonstrates how global exchanges must navigate India's regulatory framework through local partnerships rather than direct operations
• Industry experts view this as a model for sustainable crypto expansion in India's compliance-first regulatory environment