1. Coinbase has invested in India's CoinDCX, valuing the exchange at $2.45 billion, despite regulatory uncertainty.
2. The investment is an extension of a previous funding round and subject to regulatory approvals. It is not clear how much was invested or what percentage stake Coinbase now holds.
3. The move is strategic for Coinbase as CoinDCX has a strong local presence in India, one of the world's most populous countries with over a billion internet subscribers and a growing potential crypto market. The new capital will be used to improve products, increase user growth, expand into new regions, and deepen educational initiatives.