India’s CCI will dissolve minority stake in Coinbase’s CoinDCX, strengthening the US exchange’s return to India and strengthening the local platform’s position in the top crypto adoption market.
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- The Competition Commission of India approves Coinbase’s minority acquisition of CoinDCX, strengthening the partnership and formalizing the US exchange’s return to India.
- CoinDCX suffered a recruiter-driven malware breach earlier this year, but Coinbase says it is financially sound and poised to scale following the deal.
- India has been number one in the world in crypto adoption for three consecutive years, and analysts say the deal could drive more foreign currency investment into the market.
India’s antitrust regulator has approved Coinbase Global’s acquisition of a minority stake in local cryptocurrency exchange CoinDCX, the Competition Commission of India announced on Tuesday.
The approval marks progress in the U.S. company’s efforts to expand its operations in India, according to a regulatory filing. Through this transaction, Coinbase strengthens its partnership with CoinDCX, one of the leading digital asset platforms in India.
India and virtual currency law
The investment was first announced in October. CoinDCX received a valuation as part of the deal, but specific financial terms were not disclosed.
BREAKING: 🇮🇳 ED has seized Rs 8.46 billion from 92 bank accounts, including those related to CoinDCX, in a large-scale cyber fraud case.
The fraudsters stole Rs 285 million through fake recruitment and investment apps and converted the money into USDT through Binance P2P, WazirX, Buyhatke and CoinDCX.
4.81 billion yen… pic.twitter.com/N9ZDxxEXcn
— Crypto India (@CryptooIndia) November 20, 2025
According to previous reports, the exchange experienced a security breach earlier this year in which a software engineer was tricked into installing malware by an attacker posing as a recruiter. Coinbase described CoinDCX as a financially sound business positioned for growth and scale, according to a company statement.
The approval comes at the same time that Coinbase resumes operations in India for the first time in more than two years. The company has previously exited the market citing regulatory hurdles, according to its filings.
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Coinbase aims to increase its presence in India and the Middle East, targeting markets with high adoption of digital assets, according to a company statement.
According to an October report by TRM Labs, India ranks first in the world in cryptocurrency adoption for the third year in a row, ahead of the US, Pakistan, the Philippines and Brazil.
Market analysts said the deal could prompt further investment by foreign exchanges looking to tap into India’s digital finance market. According to industry insiders, this approval strengthens CoinDCX’s position among domestic cryptocurrency platforms.
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