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Global crypto giant Coinbase has reinforced its Middle East expansion strategy with a fresh investment in Indian crypto exchange CoinDCX valuing the company at $2.45 billion post money. The move underscores Coinbase’s growing commitment to the India MENA corridor marking another milestone in its broader Coinbase Middle East expansion plan.
Last year, CoinDCX extended its reach to the Middle East by acquiring BitOasis, a key digital asset platform in the MENA region. This acquisition aligned with Coinbase’s own Middle East expansion vision to tap into emerging crypto markets marked by high adoption, supportive regulatory environments and economic potential.
Announced Wednesday, Coinbase’s latest infusion builds on CoinDCX’s prior fundraising round and further cements the global exchange’s foothold in both India and the Middle East.
“This investment reinforces our growing presence in the region and underscores our belief that India and the Middle East will be pivotal in shaping the future of the crypto economy.”
Coinbase noted, reiterating its ongoing Coinbase Middle East expansion efforts.
CoinDCX, founded in 2018, now boasts over 20.4 million users across India and the UAE. The platform holds more than $1.2 billion in assets under custody and has facilitated transaction volumes exceeding $165 billion.
The investment comes just months after CoinDCX experienced a $44 million security breach in July. Despite the setback, Coinbase’s continued support underscores its confidence in CoinDCX’s resilience and potential. Coinbase first invested in the exchange in 2020 and has since viewed it as a cornerstone of its Middle East expansion roadmap.
“Their journey, marked by resilience and the challenges they overcame earlier this year, has only deepened our confidence in their team and platform,”
Coinbase said, adding that the partnership remains central to its Coinbase Middle East expansion strategy.
Investment Boosts Innovation and Compliance in CryptoCoinDCX co-founder Sumit Gupta stated that the fresh capital will accelerate the company’s vision to launch innovative Web3 products and expand into new global markets. Gupta described the move as “more than just capital,” calling it “a deep vote of confidence in our mission, approach, and team.”
According to Gupta, the collaboration fits seamlessly into the Coinbase Middle East expansion agenda which focuses on building compliant, secure and accessible crypto infrastructure.
“These markets are rapidly integrating crypto into their financial systems, striving to balance innovation with strong consumer protections,” he added.
In an earlier interview with Cryptonews, Gupta also praised India’s crypto progress, noting that a clear regulatory framework would further strengthen partnerships like the Coinbase Middle East expansion initiative.
Coinbase’s investment signals its commitment to bridging the India MENA crypto economies under its larger Middle East expansion blueprint. By deepening its collaboration with CoinDCX, Coinbase aims to foster innovation, regulatory clarity and cross border adoption across two of the fastest growing digital asset markets in the world.
Through its consistent Coinbase Middle East expansion efforts, the exchange continues to position itself as a central player in shaping the next phase of global crypto development.
