India's Competition Commission has approved Coinbase's acquisition of a minority stake in CoinDCX, enhancing the partnership between the U.S. cryptocurrency exchange and the Indian platform. This strategic move is expected to bolster CoinDCX's position in India, a nation recognized for its significant cryptocurrency adoption.
The approval is seen as a potential catalyst for increased foreign investment in India's digital finance sector, reflecting growing interest from both institutional and retail investors in the cryptocurrency market. This development underscores the expanding global reach of major crypto exchanges like Coinbase.
Coinbase Gains Approval for Minority Stake in CoinDCX
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