Coinbase Boosts Stake In Indian Crypto Exchange CoinDCX, Values Company At Nearly $2.5 Billion - Coinbase Global (NASDAQ:COIN)

Group 1 - Coinbase Global Inc. announced a new investment in Indian cryptocurrency exchange CoinDCX, setting its post-money valuation at $2.45 billion [1][3] - This investment builds on previous investments made by Coinbase through its venture capital arm, Coinbase Ventures, highlighting CoinDCX as a "high-growth, financially sound" business expanding in the Middle East [2] - CoinDCX's valuation increased from $2.15 billion in April 2022 to $2.45 billion in this latest funding round [3] Group 2 - CoinDCX claims to have over 20 million users and supports more than 500 cryptocurrencies [4] - Earlier this year, CoinDCX experienced a security breach that resulted in a loss of nearly $44 million from one of its internal operational accounts [4] - Following the announcement, Coinbase shares rose by 0.52% in after-hours trading after a 4.33% decline during the regular trading session [4]