Coinbase Receives Nod to Acquire Minority Stake in CoinDCX
The post Coinbase Receives Nod to Acquire Minority Stake in CoinDCX appeared on BitcoinEthereumNews.com.
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 acquire a minority stake in CoinDCX. The deal, which values the Indian exchange at approximately $2.45 billion, signals a strategic pivot for the US giant as it moves to entrench itself in the world’s leading nation for crypto adoption. Coinbase Receives Nod to Acquire Minority Stake in CoinDCX According to the announcement from CCI, Coinbase exchange can proceed to acquire a minority stake in CoinDCX, which is owned by DCX Global Limited and operated by Neblio Technologies. As such, Coinbase will legally offer CoinDCX technical and financial support for growing its business operations to the global markets. The CCI’s approval solidifies Coinbase’s notable investment in CoinDCX. Furthermore, Coinbase Venture participated in a $135 million fundraising for CoinDCX, which valued the company at $2.15 billion. Earlier in October, Coinbase Exchange made another investment in CoinDCX, which valued the company at $2.45 billion. Related: Coinbase Returns to India with FIU Approval, Eyes 2026 for Fiat Integration Restoring Trust After the WazirX Collapse The Indian crypto market has grown rapidly in the past year catalyzed by the clear regulatory framework, which changed after a prolonged desire from the government to ban the industry. The re-entry of Coinbase in the Indian market will help restore trust and catalyze the mainstream adoption of crypto assets. Furthermore, the collapse of WazirX, after hackers stole $230 million, severely damaged the trust for India’s crypto exchanges and thus slowing down crypto adoption in the largest…
Filed under: News - @ December 18, 2025 9:25 pm