Coinbase Invests in India's Major Cryptocurrency Exchange CoinDCX, Valuation Hits 370 Billion Yen

On the 15th, Coinbase, the largest exchange in the U.S., announced its investment in India's cryptocurrency exchange CoinDCX. According to Reuters, this investment values CoinDCX at $2.45 billion (approximately 370 billion yen) post-investment. Coinbase stated that this investment 'underscores the potential we see in India and the Middle East,' and demonstrates their commitment to the future of cryptocurrency in these regions. The company emphasized, 'With a population exceeding 1.4 billion, expanding technology adoption, and over 100 million cryptocurrency holders, India and the Middle East play a significant role in the future of cryptocurrency.'