Catenaa, Wednesday, December 24, 2025- India’s antitrust regulator has cleared Coinbase Global Inc.’s acquisition of a minority stake in local cryptocurrency exchange CoinDCX, marking a key step in the U.S. firm’s efforts to expand in the country.
The Competition Commission of India approved the transaction Tuesday, allowing Coinbase to strengthen its partnership with one of India’s leading digital asset platforms.
The investment, first announced in October, follows a period of heightened activity for CoinDCX, which was valued at $2.45 billion in the deal.
The exchange had faced a $44 million hack earlier this year after a software engineer was tricked into installing malware by attackers posing as recruiters. Coinbase described CoinDCX as a financially sound business positioned for growth and scale.
This approval comes as Coinbase reopens operations in India after more than two years, having previously exited the market due to regulatory hurdles.
The company aims to increase its presence in India and the Middle East, tapping into a market that has shown rapid adoption of digital assets. India ranked first globally in crypto adoption for the third consecutive year, ahead of the US, Pakistan, the Philippines, and Brazil, according to an October report from TRM Labs.
Coinbase’s move highlights growing international interest in India’s cryptocurrency sector and signals confidence in the country’s regulatory environment.
Analysts say the transaction may encourage further investments by foreign exchanges seeking to enter India’s expanding digital finance market.
The approval also strengthens CoinDCX’s position as one of the nation’s most established and trusted crypto platforms.
