Coinbase invests in Indian cryptocurrency exchange CoinDCX to strengthen its strategic layout in India
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Coinbase invests in Indian cryptocurrency exchange CoinDCX, with a valuation reaching USD 2.45 billion, aiming to strengthen its business presence in India and the Middle East. This investment continues CoinDCX's previous round of financing, with the valuation expected to increase from USD 2.15 billion to USD 2.45 billion upon completion. Coinbase has registered in India, paving the way for its services. CoinDCX is one of the largest digital asset trading platforms in India, with over 20 million users, and is expected to achieve an annualized revenue of INR 11.8 billion by 2025
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