“CoinDCX Not for Sale”, Says CEO Sumit Gupta Amid Coinbase Acquisition Rumours
Main Idea
India is the largest crypto-owning country globally, and Coinbase is rumored to be in talks to acquire Indian exchange CoinDCX, though its CEO has denied the claims.
Key Points
1. India has over 93 million crypto users, making it the largest crypto-owning country in the world.
2. Coinbase is reportedly in discussions to acquire CoinDCX, one of India's top cryptocurrency exchanges, at a valuation under $1 billion.
3. CoinDCX's valuation dropped after a $44 million hack, having previously reached $2.2 billion in 2022.
4. CoinDCX CEO Sumit Gupta publicly denied the acquisition rumors, stating clearly that the exchange is not for sale.
5. Despite regulatory clarity and a large user base in India, the Coinbase–CoinDCX deal remains unconfirmed.
Description
The post “CoinDCX Not for Sale”, Says CEO Sumit Gupta Amid Coinbase Acquisition Rumours appeared first on Coinpedia Fintech News As global crypto adoption expands , all eyes are turning to Asia—and especially India—as the next big growth frontier. With over 93 million users, India now ranks as the largest crypto-owning country in the world. That makes it no surprise that Coinbase, the largest publicly listed crypto exchange in the U.S., is reportedly making a move in this market. The Claim Recen...
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