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Cryptocurrency exchange Coinbase Global
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said on Wednesday it had made an investment in CoinDCX, which the Indian crypto exchange said values it at a post-money valuation of $2.45 billion.
Coinbase Global’s investment follows multiple rounds of investment in the Indian exchange by the firm’s venture capital arm, Coinbase Ventures.
In April 2022, Coinbase Ventures participated in a $135 million fundraise for CoinDCX, which had valued the firm at $2.15 billion post-money.