India’s antitrust regulator has approved Coinbase’s investment in the CoinDCX crypto exchange.

The company had previously resumed operation of its app and user registration in the country.

Coinbase receives approval to invest in Indian exchange CoinDCX

18.12.2025 - 10:25

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2 min

Key points:

India’s antitrust authority has approved Coinbase’s acquisition of a minority stake in the CoinDCX crypto exchange.
The deal is part of the US company’s strategy to expand and return to the Indian market after regulatory restrictions.

The Competition Commission of India (CCI) has officially approved the deal, under which Coinbase Global Inc. will acquire a minority stake in DCX Global Limited, the operator of CoinDCX.

Coinbase Chief Legal Officer Paul Grewal called the approval an important step for the company. According to him, the investment strengthens the long-term partnership with one of India’s most well-known and trusted crypto platforms and reflects progress in the regulation of digital assets.

Source: X.com

Coinbase strengthens its position in the Indian market

Coinbase announced its intention to invest in CoinDCX back in October, identifying India and the Middle East as key growth areas. The amount of the deal was not disclosed, but CoinDCX itself said at the time that the exchange was valued at around $2,45 billion.

The investment was announced several months after the CoinDCX security incident: in the summer, the platform suffered losses of $44 million as a result of a targeted hacker attack involving the installation of malware on an employee’s work laptop.

Despite this, Coinbase described CoinDCX as a fast-growing and financially stable business ready for scaling. The CCI’s approval is part of a broader strategy to bring the American exchange back to India. Earlier, media outlets reported that Coinbase had resumed operation of its app and user registration in the country after a hiatus of more than two years due to regulatory challenges.

India continues to maintain its leading position in the digital asset space. According to TRM Labs’ October report, the country ranks first in the world in terms of cryptocurrency adoption for the third consecutive year, ahead of the US, Pakistan, the Philippines, and Brazil.

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