India’s Competition Commission approved Coinbase’s acquisition of a minority stake in DCX Global Ltd., CoinDCX’s parent company, on December 18, 2025, solidifying their October partnership.
This clearance highlights India’s crypto regulatory progress, fostering market growth and advancing Coinbase’s strategic goals without impacting major cryptocurrencies like Bitcoin or Ethereum immediately.
India’s Competition Commission has approved Coinbase Global Inc.’s acquisition of a minority stake in CoinDCX’s parent company.
This approval formalizes a partnership initiated with Coinbase’s October capital infusion, which set CoinDCX’s valuation at $2.45 billion. The approval, announced around December 18, 2025, reflects increased global cooperation in the cryptocurrency field.
Strengthening Infrastructure in India’s Crypto Sector
Coinbase Global Inc., a leading US-based crypto exchange, invested in DCX Global Ltd., CoinDCX’s parent company. This action marks a significant boost in Coinbase’s commitment to the Indian market. The approval confirms that the investment poses no competition issues within the Indian market.
“The transaction does not raise competition concerns given the minority nature of the investment and limited overlap in activities in India,” reflects the regulatory outlook on the acquisition.
The approval is expected to strengthen the cryptocurrency exchanges infrastructure in India. With Coinbase’s backing, CoinDCX is anticipated to expand its offerings, although no direct impact on cryptocurrencies like BTC or ETH is noted. The regulatory endorsement indicates a positive shift in India’s stance towards international crypto investments.
Financial and regulatory outcomes are expected to solidify the Indian crypto market’s credibility. Historical data suggests that foreign investments enhance market growth and stability. Analysts predict that funding will support CoinDCX’s planned fiat on-ramps in 2026, offering increased convenience for Indian users.
Gradual Regulatory Shifts in Indian Crypto Policy
Such approvals are uncommon for India and indicate a cautious reopening after past regulatory uncertainty affecting foreign exchanges. Unlike earlier foreign stakes, this investment highlights gradual regulatory shifts in India’s crypto landscape.
Expert insights from Kanalcoin suggest these developments could foster long-term growth for the Indian cryptocurrency market. By examining global trends, experts anticipate that increased foreign partnerships will spur further advancements and possibly influence local regulatory policies.
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