CCI Clears Coinbase's Minority Stake in CoinDCX Parent DCX Global

• The Competition Commission of India (CCI) approved Coinbase Global Inc's minority investment in DCX Global Ltd, CoinDCX's parent company.
• This clearance follows Coinbase's October announcement of a fresh capital infusion into CoinDCX at a $2.45 billion valuation.
• Coinbase aims to strengthen its footprint in high-growth international markets, identifying India and the Middle East as key pillars.
• Founded in 2018, CoinDCX is India's largest crypto exchange, achieved unicorn status in 2021, and boasts over 20 million users.
• The investment comes after CoinDCX absorbed a $44 million security breach in July 2025, ensuring customer funds were unaffected.

Why It Matters: CCI approves Coinbase's strategic minority investment in CoinDCX parent, boosting India's crypto market.