Coinbase is approved to acquire a minority stake in CoinDCX

The Competition Commission of India has approved Coinbase's proposal to acquire a minority stake in the local cryptocurrency exchange CoinDCX. This transaction values CoinDCX at $2.45 billion, but the specific investment amount has not been disclosed. Coinbase stated that this move aims to expand its business presence in India and the Middle East.

Previously, Coinbase reopened its India app and resumed user registrations this month, marking its return after more than two years of exiting the Indian market.