Coinbase Deepens Presence in India's Crypto Market After CCI Approval of CoinDCX Deal
On December 17, 2025, India's Competition Commission (CCI) cleared Coinbase's plan to acquire a minority stake in CoinDCX, marking a significant step for Coinbase to deepen its exposure to India's crypto market. Coinbase has been investing in CoinDCX since 2020, and this latest move targets DCX Global Limited, the parent company of CoinDCX.
CoinDCX reopened user registrations in India in December 2025 after a two-year hiatus. In July 2025, the platform disclosed a $44.2 million security breach involving one wallet; fortunately, customer funds were not affected.
According to John O’Loghlen, Coinbase's Asia-Pacific director, Coinbase plans to introduce a rupee on-ramp in 2026 and has resumed onboarding with crypto-to-crypto trading within India.
Despite the challenges posed by high taxes and regulatory uncertainty in the Indian market, the CCI approval signals increasing openness to global players, provided they operate under clearly defined regulatory oversight.
