Coinbase has agreed to invest in Indian crypto exchange CoinDCX, valuing the company at $2.45 billion post-money.

Coinbase said in a statement that the deal underscores its commitment to “responsible innovation” in emerging crypto economies. 

“This investment adds to our growing presence in the region, where we also maintain local operations and other important local partners. Taken together, these steps reflect a clear commitment: we believe India and its neighbors will help shape the future of the global onchain economy,” the firm said. 

CoinDCX last raised $135 million in an April 2022 funding round led by Pantera Capital and Steadview, with participation from…

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