The Competition Commission of India has announced that it has approved Coinbase's acquisition of a minority stake in DCX Global Limited, the company behind crypto platform CoinDCX.
Coinbase Chief Legal Officer Paul Grewal confirmed the news in an X post. Neither the regulatory announcement nor Grewal's post mentioned Coinbase's stake in the crypto exchange. This follows an announcement in October that Coinbase plans to invest in CoinDCX, which would value CoinDCX at around $2.40 billion. Coinbase reported at the time that CoinDCX had annual revenue of around $141 million as of July, but denied previous reports that it planned to acquire the company wholly for $1 billion.
Indian regulators have approved Coinbase's acquisition of a minority stake in CoinDCX
2025-12-18 00:01:42
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
印度监管机构批准 Coinbase 收购 CoinDCX 的少数股权Next article：
Jito 基金会拟重返美国
