India's Competition Regulator Clears Coinbase's Minority Stake in CoinDCX
12 Articles
12 Articles
India Approves Coinbase Investment in CoinDCX Exchange
Competition Commission of India approves Coinbase’s minority stake in CoinDCX at $2.45B valuation. The deal solidifies Coinbase’s “clean” re-entry into India following the WazirX trust collapse. Coinbase targets 2026 for full fiat integration, backed by a new FIU license and state partnerships. Coinbase has officially solidified its return to the Indian market, receiving regulatory approval from the Competition Commission of India (CCI) to acqui…
Coinbase gains India regulatory clearance for CoinDCX investment
Coinbase has been an investor in CoinDCX since 2020 and disclosed the latest infusion in October. The approval follows Coinbase’s reopening of user registrations in India after a two-year hiatus. CoinDCX reported a $44.2 million wallet-related security breach in July without customer fund losses. India’s competition regulator has cleared Coinbase’s plan to deepen its ties with CoinDCX, marking another step in the US-based exchange’s renewed enga…
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