Coinbase Ventures has not confirmed new investment in CoinDCX valued at $2.45 billion, with founders dismissing sale rumors.
The absence of validation emphasizes industry speculation, possible market valuation impacts, and underscores founder commitments to India’s crypto evolution amid ongoing regulatory challenges.
Leadership from CoinDCX has firmly denied rumors suggesting a new investment by Coinbase at a $2.45 billion valuation. These reports contradict official statements, with no comment from Coinbase Ventures. Sumit Gupta, CEO of CoinDCX, has repeatedly stated that CoinDCX remains focused on India’s crypto market. There is no public confirmation of an investment at the rumored valuation.
CoinDCX is ‘super focused’ on building for India’s crypto story and not up for sale! – Sumit Gupta, Co-Founder & CEO, CoinDCX
Market reactions remain muted due to the absence of verified information. No changes in associated cryptocurrencies or equity valuation have been observed. The reported rumors have not resulted in noticeable shifts in financial or regulatory landscapes. Historical data shows valuation fluctuations for CoinDCX amid regulatory environments.
CoinDCX’s Unicorn Status in 2021 Underlined
CoinDCX’s valuation peaked at $2.2 billion in 2021, hitting “unicorn” status. Previous capital raises indicate possible interest in further investments, though no such events are confirmed. Experts from Kanalcoin suggest maintaining focus on official statements and confirmed data. They caution against reacting to market rumors without primary source confirmations.
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