India, Oct. 15 -- Crypto exchange CoinDCX has secured fresh funding from existing investor Coinbase, valuing the crypto unicorn at a post-money valuation of $2.45 Bn.

The capital infusion is part of Coinbase's plans to scale its presence in India and the Middle East. "This investment adds to our growing presence in the region, where we also maintain local operations and other important local partners," the US-based crypto major said.

Coinbase said it believes that India and its neighbours will help shape the future of the global onchain economy.

In a blog post, CoinDCX cofounder Sumit Gupta said that the funding is an extension of its previous fundraise. Coinbase first invested in CoinDCX in 2020.

He said the fresh capital will help C...