India’s CCI Approves Coinbase’s Minority Investment in CoinDCX
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Coinbase got permission from the Competition Commission of India (CCI) to buy a small stake in DCX Global Limited. This company owns CoinDCX, which is one of the best cryptocurrency exchanges in India. The permission lets Coinbase grow in a good area. The Competition Commission of India (CCI) gave the deal the go-ahead on Wednesday. This means that Coinbase can now invest in DCX Global Limited, which is the parent company of CoinDCX. We previously mentioned that smaller countries have invested in cryptocurrency. However, this time one of the largest countries has given the green light to the market.
Coinbase said in October 2025 that they were going to put money into CoinDCX. At the time, the company was worth $2.45 billion. We don’t know the exact details, but the stake is thought to be 2.34%. This is more than just cash; it’s a business deal to get to India and the Middle East, where there are more than 100 million crypto holders.
The exchange is going after India’s large user base by relaunching its app and planning fiat on-ramps. Coinbase may now be able to work together on on-chain use cases and solutions that are simple for users to understand. In a post from October X, co-founder Sumit Gupta said,
“I am excited to share that
@Coinbase has entered into an agreement to make an investment in
@CoinDCX (closing subject to regulatory approvals) valuing us at $2.45B post-money. But this isn’t just about capital, it is about conviction in our long-term vision, our regulatory-first approach, and India and UAE’s growing role in the global crypto movement.”
Fueling the Next Phase of Growth 🚀
I am excited to share that @Coinbase has entered into an agreement to make an investment in @CoinDCX (closing subject to regulatory approvals) valuing us at $2.45B post-money.
But this CCI endorsement shows that they are becoming more open to foreign investors in digital assets.
Building trust is very important for CoinDCX as it gets ready to grow. Gupta also thanked Brian Armstrong, the CEO of Coinbase, for his help since 2020. This partnership could help bitcoin become more popular in places where there is a lot of growth.
Coinbase’s plans to grow in India are helped by the CCI’s clearance. TechCrunch said earlier this month that the firm reopened its app and started onboarding members in the nation again after more than two years. This was after the company had left the market because of regulatory issues.
