Coinbase has announced an investment in CoinDCX, a leading 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. The exchange prioritizes regulatory compliance and provides advanced analysis tools and futures trading with leverage.
The investment aims to support the growing Indian market, with CoinDCX running educational campaigns to boost crypto knowledge and trading confidence among Indian users.
CoinDCX regularly shares updates on large-cap crypto assets, including Bitcoin and Solana, outperforming the market.
Coinbase's investment in CoinDCX marks a significant move in the Indian crypto market.
Author's summary: Coinbase invests in CoinDCX, India's leading crypto exchange.