News Summary

• Coinbase has increased its investment in India's CoinDCX, valuing the exchange at $2.45 billion post-money.
• The U.S. crypto giant bets on the country’s digital-asset potential even as regulation remains unclear.CoinDCX suffered a security breach in July that led to the theft of around $44 million worth of assets.
• The new capital will be used to enhance products, drive user growth, expand into new geographies, and deepen educational initiatives.