CoinDCX Acquisition by Coinbase is reportedly in superior discussions, coming only a few weeks after the alternate was focused in a $44 million crypto heist.
A neighborhood publication, citing unknown sources, revealed an article on 29 July 2025, revealing that the deal would worth CoinDCX under $900 million, a steep decline from its $2.2 billion valuation peak in 2021.
Business insiders have chalked up the CoinDCX Acquisition by Coinbase as its broader technique to achieve a strategic foothold in India’s evolving crypto panorama.
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US crypto big Coinbase is reportedly in superior discussions to accumulate Indian alternate CoinDCX at a valuation under USD 1 billion, a major drop from its USD 2.2 billion peak in 2021.
This potential acquisition follows a USD 44 million safety breach disclosed… pic.twitter.com/9GJAPR7PuA
— @EntrepreneurInd (@EntrepreneurIND) July 29, 2025
The publication quoted an trade insider stating, “It is a calculated wager at a reduction—positioning for upside if India’s crypto market finds its stride.”
CoinDCX’s CEO, Sumit Gupta, shortly dismissed the information on X, dispelling this growth as a mere hearsay.
Gupta wrote on X, “We’re laser-focused on constructing India’s crypto future, not promoting out. Extra particulars quickly, however needed to clear this up immediately.”
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Coinbase On Acquisition Spree, Intends To Launch Retail Crypto Buying and selling In India
Coinbase is on a world acquisition spree. In Might 2025, it sealed a money and inventory deal value $2.9 billion to accumulate Deribit, a crypto derivatives alternate that specialises in choices and futures buying and selling, signalling Coinbase’s transfer into the crypto derivatives sector.
Moreover, Coinbase additionally acquired Liquifi, a token-management platform geared in the direction of early-stage on-chain innovators, including one other asset to its increasing Web3 toolkit.
The corporate initially launched in India in April 2022 however needed to shortly wind down its UPI funds and buying and selling underneath the Reserve Financial institution of India’s (RBI) directives. Coinbase halted its operations within the Indian market on 25 September 2023; nevertheless, it didn’t exit the Indian market.
It complied with the FIU in March 2024 and obtained permission to begin its crypto buying and selling providers in India.
The native publication quoted a Coinbase consultant, stating, “We’ve a daring mission to extend financial freedom on the planet, and are consistently exploring alternatives world wide to construct, purchase, accomplice and make investments to speed up our roadmap.”
Reportedly, Coinbase can also be contemplating the consolidation of its holdings in each CoinDCX and CoinSwitch. Business insiders take into account this transfer possible; nevertheless, no confirmed information has surfaced as of now.
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Inside CoinDCX Breach
This hypothesis follows an enormous safety breach at CoinDCX, resulting in a lack of $44 million. Hackers bought into CoinDCX’s operational pockets on 19 July 2025, used for liquidity provisions with different exchanges.
Investigations revealed that hackers bought in through a server breach and drained the pockets inside minutes. Cybersecurity consultants have linked this heist to the notorious North Korean Lazarus Group because the incident follows comparable patterns to the WazirX hack final 12 months, leading to a $234 million loss.
Our system has detected a hack into @CoinDCX centralized alternate 20 hours in the past.Right here's what we all know:– The hacker stole round $44.2M in USDC/USDT from one of many alternate's operational wallets on Solana.– The hacker funded the hack with 1 ETH from Twister Money.– A part of the… pic.twitter.com/5PLliaZ6m4
— Cyvers Alerts
(@CyversAlerts) July 19, 2025
CoinDCX assured its customers through a put up on X, explaining that the incident didn’t hurt clients’ funds and that its safety setup protected consumer funds in the course of the incident.
For the reason that incident, CoinDCX has launched a bounty program to hint the stolen funds and has promised moral hackers 25% of any recovered funds they managed to retrieve.
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Key Takeaways
Coinbase is reportedly in talks to accumulate CoinDCX because it chips away at its Indian growth technique
Reportedly, the deal has set the valuation of CoinDCX at $900 million, a steep decline from its $2.2 billion peak in 2021
CoinDCX CEO Sumit Gupta has dismissed this growth as hypothesis
The put up CoinDCX Acquisition By Coinbase Reportedly In Ultimate Phases At Sub $1B Valuation appeared first on 99Bitcoins.
