Coinbase receives approval from India's Competition Commission to acquire minority stake in CoinDCX parent company

Techub News reports, according to a tweet by Paul Grewal, Chief Legal Officer of Coinbase, the Competition Commission of India (CCI) has approved Coinbase's acquisition of a minority stake in DCX Global, the parent company of the Indian crypto platform CoinDCX. Grewal stated that this move will deepen the long-term partnership between Coinbase and CoinDCX. Although the specific shareholding ratio has not been disclosed, Coinbase denied previous reports about a full acquisition of the company for $1 billion.