Coinbase Boosts Stake In Indian Crypto Exchange CoinDCX, Values Company At Nearly $2.5 Billion

Coinbase Global Inc. (NASDAQ:COIN) announced on Tuesday a fresh investment in Indian cryptocurrency exchange CoinDCX, setting the company’s post-money valuation at $2.45 billion.

Coinbase’s Trust In ‘Financially sound’ CoinDCX

Coinbase said that the latest move builds upon its earlier investments in the company through Coinbase Ventures, its venture capital arm.

It described Mumbai-based CoinDCX as a “high-growth, financially sound” business that is expanding its footprint across the Middle East

“This investment underscores the potential we see in these regions,” Coinbase added. Notably, Coinbase didn’t reveal the actual amount invested in the company.

Full story available on Benzinga.com