CoinDCX CEO Denies Acquisition Talks with Coinbase Amid Speculation
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Description
Sumit Gupta, CEO of Indian cryptocurrency exchange CoinDCX, has firmly denied reports that the company is in talks to be acquired by U.S.-based crypto giant Coinbase. The clarification comes after Indian financial news outlet Mint published a report on Monday claiming that Coinbase was in “advanced discussions” to purchase the Indian exchange for nearly $1 billion, citing two anonymous sources familiar with the matter. Taking to social platform X on Tuesday, Gupta wrote , “Ignore the rumours! Co...
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