India’s Competition Commission approves Coinbase’s minority investment in CoinDCX at $2.45 billion valuation

On Tuesday, the Competition Commission of India cleared Coinbase Global Inc.'s planned purchase of a minority stake in local crypto exchange CoinDCX. The deal, whose size remains undisclosed, implies a $2.45 billion valuation for CoinDCX and follows a period marked by a $44 million hack and Coinbase’s renewed push into the Indian market.