India’s competition regulator has approved Coinbase’s plan to acquire a minority stake in CoinDCX’s parent company, allowing the U.S.-based exchange to significantly deepen its exposure to one of the world’s fastest‑growing digital asset markets.
On Wednesday, the Competition Commission of India (CCI) cleared the transaction, granting the green light for Coinbase Global Inc. to invest in DCX Global Limited, the holding entity that owns the CoinDCX brand and technology platform. This regulatory nod follows Coinbase’s initial announcement of the deal in mid‑October and formalizes a strategic partnership that expands on Coinbase’s earlier backing of CoinDCX through its venture arm.
Coinbase has been an investor in CoinDCX since 2020, and the latest capital infusion signals a renewed commitment to India after the exchange reopened user registrations in the country last week, following more than two years of absence. Coinbase’s Asia‑Pacific director confirmed the company’s plans to resume onboarding with crypto‑to‑crypto trading and to introduce a rupee on‑ramp in 2026, potentially transforming how Indian users access digital assets.
The approval comes against the backdrop of a turbulent year for CoinDCX itself. In July 2025, the exchange disclosed a $44.2 million security breach involving one of its operational wallets. By swiftly isolating the affected account and assuring customers that user funds remained safe, CoinDCX managed to contain fallout and maintain operational continuity.
Coinbase’s renewed push into India reflects both the promise and complexity of the market. India’s crypto ecosystem has rapidly expanded, buoyed by a large, tech‑savvy user base and increasing institutional interest.
However, challenges remain, including high transaction taxes and evolving regulatory clarity, factors that have historically tempered market growth. The CCI’s approval suggests that policymakers are willing to welcome global players under defined oversight, even as broader regulatory frameworks continue to take shape.
For Coinbase, the deal enhances access to a dynamic market and positions the exchange for long‑term expansion. Rooted in compliance and strategic partnerships, this investment could serve as a model for how international crypto platforms engage with India’s fast‑maturing digital asset landscape.
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