Coinbase to Expand in India With CoinDCX Investment

Coinbase is taking its strongest step into India’s crypto market yet, moving to acquire a minority stake in the parent company of CoinDCX, the country’s largest exchange. The plan was revealed through a new filing with India’s Competition Commission (CCI), marking a major escalation after years of slow progress and regulatory friction.

The move ends months of rumors. Coinbase first backed CoinDCX in 2020, then again in 2022 and October 2025, bringing its ownership to about 2.34%. The new deal values CoinDCX at $2.45 billion post-money, cementing its status as one of India’s most valuable digital-asset firms. Coinbase’s Chief Business Officer Shan Aggarwal said India, alongside the Middle East, will play a major role in the company’s long-term global strategy.

The filing follows Coinbase’s recent re-registration with India’s Financial Intelligence Unit, which lifts a year-long operational freeze caused by compliance disputes.

India remains a prime target for global exchanges given its scale and growth: a population of 1.4 billion, a young demographic, and the highest crypto adoption rates worldwide for three straight years. Yet the environment is contradictory. Adoption is high, but taxes are heavy. Innovation is booming, but clear regulation is absent.

Even so, Coinbase’s renewed push signals rising international pressure that may eventually nudge India toward a more structured crypto framework.

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