Coinbase Nears Acquisition of India’s CoinDCX in Strategic Market Expansion

Coinbase is reportedly in advanced talks to acquire Indian cryptocurrency exchange CoinDCX, marking a strategic move to strengthen its presence in India's burgeoning crypto market. The deal, currently in late-stage discussions, values CoinDCX at under $900 million—a notable decline from its $2.2 billion valuation peak in 2021. This acquisition aligns with Coinbase's long-term vision to capitalize on India's growing digital asset ecosystem, where it already holds regulatory approval. The potential acquisition underscores Coinbase's commitment to expanding its global footprint despite market fluctuations, positioning itself as a key player in one of the world's most promising crypto markets.

Coinbase in Advanced Talks to Acquire CoinDCX at Valuation Below $1B

Coinbase is reportedly in late-stage discussions to acquire Indian cryptocurrency exchange CoinDCX, according to Indian media outlet Livemint. The deal would value CoinDCX at under $900 million—a significant drop from its $2.2 billion peak valuation in 2021. Sources describe the move as a strategic long-term bet on India's crypto market potential.

Coinbase already holds regulatory approval from India’s Financial Intelligence Unit and maintains stakes in CoinDCX and rival exchange CoinSwitch. "Buying CoinDCX at this discounted valuation positions Coinbase for upside if India’s crypto market matures," one source noted. However, CoinDCX CEO Sumit Gupta dismissed the acquisition rumors on X, stating the exchange remains focused on building India's crypto ecosystem.

The news follows Coinbase's preparations to relaunch retail crypto trading in India after previous regulatory challenges. The potential acquisition signals renewed institutional interest in emerging crypto markets despite recent volatility.

Coinbase Eyes CoinDCX After $44M Hack: What’s Inside $900M Deal

Coinbase is reportedly considering a strategic MOVE involving CoinDCX following a $44 million security breach. The potential deal, valued at $900 million, signals Coinbase's aggressive expansion strategy in the cryptocurrency exchange sector.

The hack incident has raised questions about security protocols, but Coinbase appears undeterred in its pursuit of growth opportunities. Market analysts suggest this acquisition could reshape competitive dynamics in Asia's crypto trading landscape.