India's Competition Regulator Clears Coinbase's Minority Stake in CoinDCX
India’s Competition Commission has approved Coinbase’s acquisition of a minority stake in CoinDCX, valuing the Indian crypto exchange at $2.45 billion. This regulatory approval enables Coinbase to deepen its involvement in India’s crypto market, with the investment viewed as validation of CoinDCX’s growth strategy. The approval signifies increased regulatory trust and could attract more global capital to India’s crypto sector. Despite ongoing tax and compliance challenges, the decision demonstrates India’s openness to foreign investment in crypto infrastructure, provided governance is transparent. Recently, Coinbase reopened user registrations in India for crypto-to-crypto trades after a two-year pause and plans to launch a rupee on-ramp in 2026.
