Coinbase approved to acquire minority stake in CoinDCX

Mars Finance reports that the Competition Commission of India has approved Coinbase's proposed minority stake acquisition of local cryptocurrency exchange CoinDCX. The deal values CoinDCX at $2.45 billion, though the specific investment amount has not been disclosed. Coinbase stated that this move aims to expand its operations in India and the Middle East. Previously, Coinbase reopened its Indian app and resumed user registration this month, marking its return to the Indian market after more than two years of absence.