PANews
PANews|12月 17, 2025 23:56
[Indian Regulators Approve Coinbase's Minority Stake Acquisition in CoinDCX] According to a report by Cointelegraph, the Competition Commission of India has announced its approval of Coinbase's acquisition of a minority stake in DCX Global Limited, the company behind the crypto platform CoinDCX. Subsequently, Coinbase's Chief Legal Officer Paul Grewal confirmed the news in a post on X. Neither the regulatory announcement nor Grewal's post mentioned the percentage of Coinbase's stake in the crypto exchange. Previously, in October, it was announced that Coinbase planned to invest in CoinDCX, with CoinDCX's valuation estimated at approximately $2.4 billion post-investment. At the time, Coinbase reported that as of July, CoinDCX's annual revenue was approximately $141 million but denied earlier reports claiming it planned to fully acquire the company for $1 billion.
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