Coinbase Faces Rumors Over CoinDCX Acquisition
Hey FinTech Fanatic!
Mint reported that Coinbase was in talks to acquire CoinDCX, the India-based crypto exchange, once valued at $2.2 billion. Sources pointed to a sharp drop, below $1 billion.
Hours later, CEO Sumit Gupta pushed back on X: “Ignore the rumours. CoinDCX is super focused on building for India’s crypto story and not up for sale!”
Coinbase, which holds stakes on CoinDCX, came with the typical line: “We don’t comment on rumors or speculation.”
Still, the timing is hard to ignore, since all this comes just weeks after CoinDCX suffered a $44 million breach.
So, is Coinbase buying, and we’re still at the denial phase, or is this just speculation playing out loud?
Scroll down to find more on Coinbase news and to get your daily FinTech dose 👇 I'll be back tomorrow!
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PAYMENTS NEWS
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REGTECH NEWS
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BLOCKCHAIN/CRYPTO NEWS
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PARTNERSHIPS
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M&A
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🇮🇳 CoinDCX dismisses report of Coinbase acquisition talks. Mint reported that Coinbase was in advanced talks to acquire the Mumbai-based company. The potential acquisition could value CoinDCX at less than $1 billion, a steep drop from its $2.2 billion valuation in 2021, it said.
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MOVERS AND SHAKERS
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