Cryptocurrency platform Coinbase is expanding its presence across India and the Middle East by investing in CoinDCX, a leading cryptocurrency exchange with over 20 million users in the region.

In July 2025, the company’s annualised turnover was approximately $141 million, its annualised trading activity was approximately $165 billion, and assets under custody exceeded $1.2 billion.

Coinbase said that the deal builds on its previous investments in CoinDCX through Coinbase Ventures, with the move signaling confidence in the crypto exchange’s growth trajectory as it continues to boost its presence in regions with high adoption potential.

“India and the Middle East are becoming leading regions for cryptocurrency growth thanks to high adoption rates, favourable regulation and economic potential,” Coinbase said.

Coinbase added that India and the Middle East will play an important role in the future of cryptocurrencies, as crypto firms will be able to operate in regions with a population of over 1.4 billion people, growing technology adoption and over 100 million cryptocurrency holders.

The firm added it will continue to seek opportunities to collaborate with firms in these regions as it continues to strengthen its international presence.

In September, the cryptocurrency platform announced an expansion of its product offering by adding Singapore dollar stablecoins to its platform.

The move came as part of a recently signed partnership with licenced issuer StraitsX, a payment infrastructure for the digital asset space in Southeast Asia developed by Xfers, a Singaporean FinTech.

The crypto exchange said at the time that the new cryptocurrency called XSGD - developed by the StraitsX platform - will go in addition to the other USD-based stablecoins which are already present on Coinbase’s platform.

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