Coinbase has announced an investment in CoinDCX, a cryptocurrency exchange operating in India and the Middle East. This follows previous investments made through Coinbase Ventures. The transaction is subject to regulatory approvals and other customary closing conditions.
CoinDCX Expands Across Middle East Markets
CoinDCX is a retail-focused platform that has expanded across the Middle East. As of July 2025, the exchange reported annualized group revenue of approximately $141 million, annualized transaction volumes of around $165 billion, and assets under custody exceeding $1.2 billion. The platform serves more than 20.4 million users.
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???? Today in money➡️ Coinbase Invests in CoinDCX; Strategic Move Signals Deeper India AmbitionsCoinbase has officially backed CoinDCX, one of India’s leading crypto exchanges, reinforcing its presence in the fast-growing Indian market. The investment is a continuation of… pic.twitter.com/f9kCFOf83W
— Mannie???? (@Metamannie) October 15, 2025
Coinbase Eyes Collaboration
The investment reflects Coinbase’s interest in the growth potential of India and the Middle East, regions with over 1.4 billion people, rising technology adoption, and more than 100 million cryptocurrency owners.
“We’ll continue looking for opportunities to collaborate with builders across India as we expand our international footprint,” Coinbase stated.
CoinDCX Acquires BitOasis
In July last year, CoinDCX acquired BitOasis, a virtual asset trading platform operating in the Middle East and North Africa region.
CoinDCX acquires BitOasis in international expansion push https://t.co/bH7XjK2Krf
— TechCrunch (@TechCrunch) July 3, 2024
BitOasis, known for significant trading volumes in Emirati dirhams, obtained a Minimum Viable Product Operational License from the Virtual Assets Regulatory Authority of the Central Bank of Bahrain. This license allows BitOasis to operate as a broker-dealer under regulatory supervision.
CoinDCX stated that BitOasis will continue to operate independently under its current licenses. User accounts on both platforms will remain separate, and the acquisition is expected to expand trading options and product offerings.
This article was written by Tareq Sikder at www.financemagnates.com.
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