Move strengthens strategic presence in India’s fast-growing digital asset market
Coinbase has received regulatory clearance from Indian authorities to acquire a minority stake in CoinDCX, marking a significant step in deepening its engagement with one of the world’s fastest-growing crypto markets. The approval clears the way for a closer partnership between the US-based exchange and a leading Indian digital asset platform.
Regulatory Approval and Deal Scope
India’s competition regulator has formally approved Coinbase Global’s investment in DCX Global Limited, the parent company of CoinDCX. While the exact size of the stake remains undisclosed, the approval confirms that the transaction meets local competition and regulatory standards.
The investment follows an earlier announcement that Coinbase intended to back CoinDCX at a post-money valuation of approximately $2.4 billion. At the time, CoinDCX reported around $141 million in annual revenue, underlining its position as one of India’s most established crypto exchanges.
The minority investment is widely viewed as a long-term strategic partnership, rather than a full acquisition. Coinbase has previously denied speculation about an outright buyout, instead signaling interest in collaboration, market access, and shared infrastructure development.
India Market Re-Entry Plans
The deal also aligns with broader plans for Coinbase’s return to the Indian market, with reports suggesting potential fiat on-ramp services for local users beginning in 2026. If implemented, this would mark a major re-entry after the company paused operations in India in 2023.
Together, the regulatory approval and investment signal renewed confidence in India’s evolving crypto ecosystem.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.