CCI approves Coinbase minority stake in CoinDCX; prior notice cited ~$2.4B valuation

India’s Competition Commission cleared Coinbase Global’s minority investment in CoinDCX, according to a regulatory notice and a post by CLO Paul Grewal on Wednesday. The approval follows an October notice indicating a post‑money valuation of approximately $2.4 billion and Coinbase’s report of about $141 million in annual revenue as of July. Coinbase has also reopened its app for India and targets a fiat on‑ramp in 2026.