coin-img-ETHETH+0.60%coin-img-BTCBTC+0.61%coin-img-UCNUCN-0.10%coin-img-SOLSOL+0.21%coin-img-XRPXRP-0.01%coin-img-USDCUSDC+0.02%coin-img-ADAADA-2.85%coin-img-ASTERASTER-7.15%coin-img-ETHETH+0.60%coin-img-BTCBTC+0.61%coin-img-UCNUCN-0.10%coin-img-SOLSOL+0.21%coin-img-XRPXRP-0.01%coin-img-USDCUSDC+0.02%coin-img-ADAADA-2.85%coin-img-ASTERASTER-7.15%coin-img-ETHETH+0.60%coin-img-BTCBTC+0.61%coin-img-UCNUCN-0.10%coin-img-SOLSOL+0.21%coin-img-XRPXRP-0.01%coin-img-USDCUSDC+0.02%coin-img-ADAADA-2.85%coin-img-ASTERASTER-7.15%coin-img-ETHETH+0.60%coin-img-BTCBTC+0.61%coin-img-UCNUCN-0.10%coin-img-SOLSOL+0.21%coin-img-XRPXRP-0.01%coin-img-USDCUSDC+0.02%coin-img-ADAADA-2.85%coin-img-ASTERASTER-7.15%

Coinbase Wins Indian Antitrust Approval to Buy Minority Stake in CoinDCX

India's Competition Commission cleared Coinbase on Dec. 18 to acquire a minority stake in local crypto platform CoinDCX, BlockBeats reports. The approval follows an investment plan announced by Coinbase in October, when CoinDCX was valued at about $2.4 billion post-money with annual revenue of roughly $141 million. Coinbase Chief Legal Officer Paul Grewal said the move will deepen the firms' long-term partnership. The exact stake size has not been disclosed, and Coinbase has denied earlier reports of a full $1 billion acquisition.
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