- Competitors Fee of India approves Coinbase’s minority stake in CoinDCX at a valuation of $2.45 billion.
- The deal solidifies Coinbase’s “clear” re-entry into India after the WazirX belief collapse.
- Coinbase is concentrating on full fiat integration in 2026, backed by a brand new FIU license and state partnerships.
Coinbase has formally cemented its return to the Indian market, receiving regulatory approval from the Competitors Fee of India (CCI) to accumulate a minority stake in CoinDCX.
The deal, which values the Indian alternate at about $2.45 billion, indicators a strategic shift for the US large because it seeks to place itself because the world’s main nation in crypto adoption.
Coinbase agrees to accumulate minority stake in CoinDCX
In accordance with CCI’s announcement, the Coinbase alternate can proceed with the acquisition of a minority stake in CoinDCX, which is owned by DCX International Restricted and operated by Neblio Applied sciences. Due to this fact, Coinbase will legally present technical and monetary help for CoinDCX to increase its enterprise operations to the worldwide market.
CCI’s approval solidifies Coinbase’s notable funding in CoinDCX. Moreover, Coinbase Enterprise participated in CoinDCX’s $135 million funding, valuing the corporate at $2.15 billion. In early October, Coinbase Trade invested once more in CoinDCX, valuing the corporate at $2.45 billion.
Associated: Coinbase returns to India with FIU approval, aiming for fiat foreign money union in 2026
Recovering belief after the collapse of WazirX
India’s crypto market has grown quickly over the previous yr, pushed by a transparent regulatory framework that modified following the federal government’s long-standing requires a ban on the trade. Coinbase’s re-entry into the Indian market will assist restore belief and drive mainstream adoption of crypto belongings.
Furthermore, the collapse of WazirX after hackers stole $230 million has severely broken the boldness of Indian cryptocurrency exchanges and slowed the adoption of cryptocurrencies within the largest marketplace for digital belongings and Web3.
Nevertheless, Coinbase has lately accelerated its marketing campaign to legally re-enter the Indian market. For instance, on December 3, the Karnataka authorities signed a memorandum of understanding with Coinbase to speed up Web3 information and funding within the state utilizing the Base community.
Associated: India’s Karnataka State Companions with Coinbase to Assist ‘Base’ Startup
Earlier this month, Coinbase introduced that it had acquired an working license from India’s high monetary regulator, the Monetary Intelligence Unit (FIU). As such, Coinbase is well-positioned to re-enter the Indian crypto market in 2026 and was ranked #1 in Chainalysis’ 2025 International Crypto Adoption Index.
In accordance with Paul Grewal, chief authorized officer at Coinbase, the CCI’s consent is a crucial milestone in accelerating the mainstream adoption of digital belongings in India. Sumt Gupta, co-founder and CEO of CoinDCX, additionally supported Grewal’s views, including that the deal will enhance confidence in India’s Web3 and crypto area.
“Reaching first-of-its-kind CCI approval is undoubtedly a big regulatory milestone and IMO a significant win for the Indian cryptocurrency ecosystem in the long run. This may go a good distance in constructing confidence within the area and unlocking entry to world capital,” mentioned Mr. Gupta.
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