Today marks an important milestone in CoinDCX’s journey to build the most trusted, compliant, and future-ready crypto company across India, the UAE and beyond.
Neeraj and I are delighted to share that Coinbase, a leading platform for the global onchain economy, has entered into an agreement to make an investment in CoinDCX (closing subject to regulatory approvals and other customary conditions).
This investment is an extension of our previous fundraise, and values CoinDCX at $2.45 billion post-money, reinforcing our leadership position in our core markets and as an emerging name in the global web3 landscape.
A Journey Built Block by Block – For The Long Haul
From our early days to being the leading exchange in India and the UAE and serving over 20 million customers, we’ve built a business to last – driven by grit, customer focus, and relentless innovation.
Our expansion into the Middle East through the BitOasis acquisition, and the success of our Okto suite of Web3 products, marks just the beginning of CoinDCX’s global journey.
Every challenge has made us sharper. Every market turn has strengthened our conviction. And every user we have served has reaffirmed our purpose – to make Web3 accessible, secure and trusted for everyone.
This fresh capital helps us accelerate our vision and enables us to take bolder and more ambitious bets – strengthening our business across India and the UAE, entering new markets, launching new products in the broader web3 space, and continuing to build the most secure and compliant platform for our users.
More Than Capital — A Vote of Confidence and Shared Conviction
Coinbase has been an investor and has believed in us since 2020, and their continued commitment is more than just capital – it’s a deep vote of confidence in our mission, approach and team.
This investment further re-affirms our shared conviction in the immense potential of the Indian and Middle Eastern markets and underscores the long-term importance of these regions in the global onchain economy.
Gratitude and the Road Ahead
To our incredible team — Building a business in this industry comes with its set of challenges and you have persevered through all the ups and downs, and raised the bar every single day. You have built not just a business, but a brand that stands for trust, integrity and long-term thinking. More than anything, this investment is a testament to each of you – your hard work, unwavering commitment to our mission, and relentless execution that has brought us here; I couldn’t be prouder. 🙌.
To our investors, partners and community — we thank you for walking this journey with us and believing in the power of responsible crypto adoption.
Together, we’ll continue to build, shaping not just the future of web3, but leading it from the front; this milestone brings us one step closer.
The best of CoinDCX and of Web3 – is yet to come. 🚀
