Coinbase has announced an investment in CoinDCX, a prominent cryptocurrency exchange in India that has recently recovered from a $44 million security breach.
CoinDCX is a regulated platform, registered with India's Financial Intelligence Unit, offering INR-denominated crypto futures trading. This investment aims to support accessible entry for users in the growing Indian market.
The exchange focuses on futures trading with leverage and advanced analysis tools, prioritizing regulatory compliance. CoinDCX has been running educational campaigns to boost crypto knowledge and trading confidence among Indian users.
CoinDCX regularly shares updates on outperforming large-cap crypto assets like Bitcoin and Solana.
This investment aligns with the regional growth in digital asset interest, positioning CoinDCX as a leading player in India's crypto market.
Author's summary: Coinbase invests in CoinDCX, India's leading crypto exchange.