Coinbase Strengthens Its Presence in India with CoinDCX Agreement

Coinbase Expands in India's Crypto Market

India's competition regulator has approved Coinbase's minority stake acquisition in CoinDCX, increasing the company's presence in the Indian crypto market. This development comes after a challenging year for CoinDCX. During a serious security breach in the past, keeping customer funds safe helped the company maintain its reputation.

Coinbase has restarted user registrations by refocusing on India and plans to launch a rupee trading platform in the country by 2026. This move aims to enhance its competitive advantage in global markets.