- The Competition Commission of India (CCI) has officially approved Coinbase’s acquisition of a minority stake in DCX Global Limited, the parent company of CoinDCX.
- The investment follows an announcement in October that valued CoinDCX at approx $2.45 billioncementing its status as one of India’s most valuable crypto platforms.
- In addition to the investment, Coinbase is preparing to relaunch its own services in India by 2026, targeting a user base estimated to exceed 100 million people.
Regulatory Nod for Global Acquisition of DCX
Coinbase is doubling down on its bet in India and just got a big boost from the government. Last Tuesday, the Competition Commission of India (CCI) cleared the way for Coinbase to acquire a minority stake in DCX Global, the parent company of CoinDCX. Paul Grewal, chief legal officer at Coinbase, couldn’t contain his excitement, describing it as the next big chapter in a “long-term partnership” with a brand that local merchants truly trust.
While we don’t know the exact size of the deployment yet, the numbers do Doing see are huge. CoinDCX was recently valued at $2.45 billionand despite all the market fluctuations, they kept moving $141 million mid-year turnover. This is a brilliant strategy game for Coinbase. Rather than trying to tackle India’s complex tax and regulatory hurdles alone, they’re partnering with a powerhouse that already 20 million users and knows the landscape inside and out. After years of banking bans and high taxes, seeing the CCI formally say “yes” to a deal like this feels like a real turning point for the entire region.
Tapping into India’s 100 million crypto users
The investment in CoinDCX is only half of Coinbase’s broader strategy for the subcontinent. Reports indicate that the US-based exchange is planning a full return to the Indian market, with a focus on rolling out fiat-on-ramps in early 2026. This would mark a triumphant comeback after Coinbase was forced to suspend services in September 2023 due to local payment processing issues.
India is currently essentially the ‘final boss’ of digital finance adoption. We’re talking about 1.4 billion people and a huge community of 100 million crypto holders who are active despite regulatory hurdles. Coinbase clearly sees the writing on the wall; by doubling their partnership with CoinDCX (and officially greenlit their efforts this month), they tap into a massive asset pool of $1.2 billion.
Final thoughts
Getting the green light from the CCI is a huge win for Coinbase’s global plans. By partnering with CoinDCX, they are not only dipping their toes back into India, but building a real base of operations. It is a total ‘comeback story’, turning their earlier retreat into a big long-term bet on India’s future growth.
Frequently asked questions
What is the current valuation of CoinDCX?
As of the end of 2025, the stock exchange is valued at approx $2.45 billion after recent investment rounds.
When will Coinbase be relaunched in India?
Coinbase plans to introduce fiat-on-ramps and full trading services for Indian users 2026.
How many crypto users are there in India?
While estimates vary, industry reports suggest an end has come 100 million cryptocurrency users in the country.
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