“The Planned Deal Sets A $ 2.45 Billion Post-Money Valuation and Follows Coindcx’s April 2022 Raise of $ 135 Million at A $ 2.15 Billion Valination.”, – WRITE: www.coindesk.com
Aggarwal Framed The Move As A Long-Term Bet on India and the Middle East’s Role in the onChain Economy, Citying Population Scale, Rising Tech Adoption and A Large Base of Crypto USers. He Said the Committee Builds on Earlier Support Through Coinbase Ventures and Aligns with Coinbase’s Expanding Local Operations and Partnerships.
Aggarwal Also Highlightd Operation Scale Reported As of July 2025: Annualized Group Revenue of 11.79 Billion Rupees ($ 141 Million), Annualized Transaction Volumes of 13.7 RUPEES ($ 165 Billion), Assets Under Custody Above 100 Billion Rupees ($ 1.2 Billion) and A User Base Exceeding 20 Million.
Gupta Called The Investment An Extension of Condcx’s Previous Fundraise and SAID IT VALUES The Company at $ 2.45 Billion Post Money, Reiterting that Closing Remains Contingent on Approvals. He Credited Coinbase’s Backing Since 2020 and Descripted the Step As A Vote of Confidentnce in the Team’s Mission to Build A Trusted, Compliment Platform Across India, The UAE and Beond.
Gupta Pointed to Expansion Via The Bitoasis Acquisition and Growth of the OKTO Web3 Product Suite, Saying Fresh Capital Will Accelerate Product Launches, Market Entries, and Sees
For Context, in April 2022, Coindcx Raissed $ 135 Million at A $ 2.15 Billion Valuation; Bloomberg Reports Pantera Capital and SteadView Capital Management Led The Round, While Reuters Notes that Coinbase Ventures Participated.
Combined Spot and Derivatives Volumes Fell 17.5% in September, Continuing A Four-Year Seasonal Trend
- Trading Activity Falls 17.5% In September Slowdown: Combined Spot and Derivatives Volumes Droped to $ 8.12 Trillion, Marking The FIRST DECLINE AFTER THREE MONHS OF GROWTH. September Has Now Seen Reduced Trading Volume for the Fourth Consuctive Year.
- Open Interest Reaches Record High Despite Derivatives Market Share Decline: Total Open Interest Surged 3.2% to $ 204 Billion and Peaked at An All-Time High of $ 230 Billion During the MONTH.
- Altcoins on cme Outperform as Bitcoin and Ether Futures Decline: While CME’s Total Derivatives Volume Stayed Flat at $ 287 Billion (-0.08%), Sol Futures Jumped 57.1% to $ 13.5 Billion and Xrp Futures Rose 7.19% to $ 7.84. BTC and Eth Futures Fell 4.05% and 17.9% Respectvely.
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The $ 2.40– $ 2.42 Support Zone is Crucial for XRP, with Buyers Defending this Level Amid Volatile Trading Conditions.
- XRP ExperienCed A Sharp Decline Due to Macroeconomic Pressures and Market DeleverAGING, WITH OPEN INTEREST DROPping by 50%.
- Despite the Downturn, Spot Volumes Increated by 40%, Indicating Potential Institutional Re-Entry.
- The $ 2.40– $ 2.42 Support Zone is Crucial for XRP, with Buyers Defending this Level Amid Volatile Trading Conditions.
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