India’s Retail Crypto Market Draws Coinbase Investment in CoinDCX

Wednesday, 15/10/2025 | 12:27 GMT by Tareq Sikder
  • CoinDCX, with 20 million users, secures Coinbase backing amid $165B transactions.
  • Middle East crypto growth also brings Coinbase, subject to regulatory approvals and closing conditions.
India-crypto

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.

Digital assets meet tradfi in London at the fmls25

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.

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.

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.

Digital assets meet tradfi in London at the fmls25

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.

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.

About the Author: Tareq Sikder
Tareq Sikder
  • 1989 Articles
  • 32 Followers
About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 1989 Articles
  • 32 Followers

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