In brief
- Coinbase is making a fresh investment in CoinDCX, building on prior investments through Coinbase Ventures, with the deal subject to regulatory approvals.
- The deal comes months after CoinDCX weathered a $44.2 million hack in July, which the exchange absorbed from its treasury reserves while dismissing acquisition rumors at the time.
- Industry experts view the move as a strategic “partner to penetrate” approach, allowing Coinbase to leverage CoinDCX’s regulatory relationships rather than attempting direct market entry.
U.S. crypto exchange Coinbase says it is deepening its presence in emerging markets with a fresh investment in CoinDCX, citing India and the Middle East as key drivers of future global crypto adoption.
The deal values the Indian exchange at $2.45 billion post-money and marks Coinbase’s latest move to expand its international footprint, according to Coinbase’s Wednesday statement.
“Beyond capital, this partnership brings strategic alignment—not just on what we’re building, but how we’re building it,” CoinDCX CEO Sumit Gupta told Decrypt. “A compliance-first approach to business, rooted in transparency an
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Author: Vismaya V
