Coinbase Ventures Invests $2.45 Billion in CoinDCX

Coinbase Ventures’ latest investment signifies the company’s expansion into India and the Middle East, focusing on crypto exchange CoinDCX. The post-money valuation for CoinDCX stands at a significant $2.45 billion, reflecting rapid growth. Coinbase Ventures’ confidence in CoinDCX is evident despite recent challenges including a security breach that resulted in an estimated loss of $44 million. This investment demonstrates Coinbase’s belief in the exchange’s ability to navigate regulatory hurdles.