The genus Coralaxius is rediagnosed, and the type species C. nodulosus (Meinert, 1877), the holotype of which was found to be identical with C. abelei Kensley and Gore, 1982, is redescribed. The two new species of Coralaxius are described, viz. C. galapagensis from the Galapagos Islands, and C. indopacificus from Fiji and the Comoro Islands. On the basis of carapace, gill and appendage characters, it is concluded that C. indopacificus is more primitive than the other two species. The genus is thought to have had a tethyan distribution, with the eastern Pacific representative being cut off from the western Atlantic form with the raising of the Isthmus of Panama.