US crypto giant Coinbase announced a strategic investment in CoinDCX, an Indian crypto exchange, which values the company at $2.45 billion post-money. This investment is an extension of CoinDCX's previous funding round and is aimed at expanding Coinbase's presence in the fast-growing Indian and Middle Eastern markets. CoinDCX stated the fresh capital will be used to enhance its product suite, build new on-chain use cases for the regions, and support its international expansion. The deal is subject to regulatory approvals.