The Competition Commission of India (CCI), the nation’s primary antitrust authority, has officially greenlit Coinbase’s acquisition of a minority interest in DCX Global Limited, the parent organization of the prominent cryptocurrency exchange CoinDCX.
This regulatory milestone follows an announcement from October 2025, when Coinbase first disclosed plans to invest an unspecified amount in the Indian platform. Coinbase’s Chief Legal Officer, Paul Grewal, confirmed the approval in a social media update, describing the move as a deepening of a long-term strategic partnership with one of India’s most reputable digital asset institutions.
While official statements did not specify the exact percentage of the stake, previous reports indicated that the investment was part of a funding round valuing CoinDCX at approximately $2.4 billion. At the time of the initial notice, CoinDCX’s annual revenue was reported at roughly $141 million as of July 2025. Coinbase has explicitly clarified that it is not pursuing a full takeover of the company.
A Renewed Push into the Indian Market
Beyond this investment, Coinbase is preparing for a major operational return to India. Reports suggest that the U.S.-based exchange intends to launch fiat on-ramp services for Indian users starting in 2026. This expansion marks a significant comeback for Coinbase, which had suspended its local services in September 2023 due to regulatory and payment processing hurdles.
India represents a massive opportunity for the global crypto industry, boasting the world’s largest population of over 1.4 billion people. Industry estimates suggest the country is home to more than 100 million cryptocurrency users, making it one of the most active and vital markets for digital assets worldwide.
