The Competitors Fee of India (CCI) has authorised US-based cryptocurrency platform Coinbase World Inc’s proposal to amass a non-controlling, minority stake in DCX World Ltd, the entity that owns the CoinDCX model, know-how and associated mental property.

Asserting its determination, the regulator stated, “Fee approves the proposed mixture involving the acquisition of minority shareholding in DCX World Restricted by Coinbase World Inc,” in a put up on X.

C-2025/10/1342: Fee approves the proposed mixture involving acquisition of minority shareholding in DCX World Restricted by Coinbase World Inc. pic.twitter.com/IG6phSKsfq

— CCI (@CCI_India) December 16, 2025

The approval follows Coinbase’s announcement in October of a contemporary funding in CoinDCX at a post-money valuation of $2.45 billion. The funding extends Coinbase’s earlier backing of the change by way of Coinbase Ventures and indicators a deeper strategic partnership between the 2 corporations. Coinbase first invested in CoinDCX in 2020, when the Indian change raised $3 million in its Collection A funding spherical.

Based in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX is one among India’s largest crypto exchanges and have become the nation’s first crypto unicorn in 2021. The corporate has raised greater than $240 million in funding so far. DCX World, which owns the CoinDCX working belongings, is included in Mauritius.

Coinbase operates crypto change platforms in additional than 100 international locations and has been increasing its India presence by way of investments and acquisitions. In 2021, it acquired Bengaluru-based conversational AI startup Agara to strengthen buyer expertise capabilities. Extra just lately, Coinbase has indicated that India and the Center East are central to its worldwide development technique.

CoinDCX operates throughout India and the Center East and entered the area by way of the acquisition of Dubai-based BitOasis. The BitOasis platform anchors CoinDCX’s presence throughout the Center East and North Africa. The corporate has stated the newest capital infusion might be used to boost product choices, introduce new on-chain use instances for India, and assist enlargement into extra markets.

The change reviews a person base of over 20 million, greater than 500 listed crypto belongings, and quarterly buying and selling volumes exceeding Rs 2.4 lakh crore. As of July 2025, CoinDCX’s annualised group income stood at Rs 1,179 crore, with annualised transaction volumes of Rs 13.7 lakh crore throughout merchandise and belongings below custody of over Rs 10,000 crore.

On the monetary entrance, CoinDCX reported a 15% enhance in web revenue to Rs 1.7 crore in FY25 from Rs 1.5 crore in FY24. Working income rose 43% year-on-year to Rs 559.6 crore from Rs 391.8 crore within the earlier fiscal.

The funding comes after a difficult yr for the change. In July 2025, CoinDCX disclosed a $44 million safety breach, one of many largest crypto-related incidents in India after the WazirX hack. The assault focused an inner scorching pockets used for liquidity operations. CoinDCX stated it absorbed the total monetary impression by way of its inner treasury and that no buyer funds had been affected.