Coinbase Invests in CoinDCX, Expands in India
Update: 2025-12-18
Description
Indias Competition Commission approves Coinbases investment in CoinDCX, a significant step for both companies in the cryptocurrency market. Coinbase, a major US exchange, will acquire a minority stake in CoinDCX, valued at $2.45 billion. This approval follows a challenging year for CoinDCX, including a $44.2 million wallet attack, but signals a positive outlook. Coinbase has also reopened user registrations for crypto-to-crypto trades and plans to introduce a rupee on-ramp for direct cash-to-crypto purchases.
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