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 as a long-term bet on India and the Middle East’s role in the onchain economy, citing population scale, rising tech adoption and a large base of crypto users. He said the commitment builds on earlier support through Coinbase Ventures and aligns with Coinbase’s expanding local operations and partnerships.
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