India’s competition regulator has approved Coinbase’s plan to acquire a minority stake in CoinDCX, allowing the US-based exchange to deepen its exposure to one of the world’s fastest-growing crypto markets.
The Competition Commission of India (CCI) approved the transaction on Wednesday, giving Coinbase the green light to invest in DCX Global Limited, CoinDCX’s parent company.
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Coinbase has been an investor in CoinDCX since 2020. The latest infusion of capital signals a renewed commitment to India after the exchange reopened user registrations in the country last week after a two-year hiatus.
The approval follows Coinbase’s announcement of the investment in mid-October and caps a volatile year for CoinDCX. In July, the exchange disclosed a $44.2 million security breach involving one of its wallets, although customer funds were not affected.
Coinbase’s renewed push into India comes as it looks to rebuild its local footprint. The exchange resumed onboarding last week with crypto-to-crypto trading and plans to roll out a rupee on-ramp in 2026, according to Asia-Pacific director John O’Loghlen.
India remains a complex market for crypto firms due to high transaction taxes and regulatory uncertainty, but CCI’s approval suggests policymakers are willing to allow global players a role in the country’s digital asset ecosystem under defined oversight.
