CoinDCX Acquisition by Coinbase is reportedly in superior discussions, coming just some weeks after the alternate was focused in a $44 million crypto heist.
A neighborhood publication, citing unknown sources, published an article on 29 July 2025, revealing that the deal would worth CoinDCX beneath $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.
US crypto big Coinbase is reportedly in superior discussions to amass Indian alternate CoinDCX at a valuation beneath USD 1 billion, a big 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 business 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 improvement 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.”
Discover: Top 20 Crypto to Buy in July 2025
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 price $2.9 billion to amass 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 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 below 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 start its crypto buying and selling companies in India.
The native publication quoted a Coinbase consultant, stating, “We now have a daring mission to extend financial freedom on this planet, and are consistently exploring alternatives world wide to construct, purchase, associate and make investments to speed up our roadmap.”
Reportedly, Coinbase can be contemplating the consolidation of its holdings in each CoinDCX and CoinSwitch. Business insiders think about this transfer possible; nevertheless, no confirmed information has surfaced as of now.
Discover: The 12+ Hottest Crypto Presales to Buy Right Now
Inside CoinDCX Breach
This hypothesis follows a massive security breach at CoinDCX, resulting in a lack of $44 million. Hackers obtained into CoinDCX’s operational pockets on 19 July 2025, used for liquidity provisions with different exchanges.
Investigations revealed that hackers obtained in by way of a server breach and drained the pockets inside minutes. Cybersecurity specialists have linked this heist to the notorious North Korean Lazarus Group for the reason that incident follows related patterns to the WazirX hack final yr, 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 by way of 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.
Because the 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.
Discover: 20+ Next Crypto to Explode in 2025
Key Takeaways
- Coinbase is reportedly in talks to amass CoinDCX because it chips away at its Indian enlargement 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 improvement as hypothesis
The put up CoinDCX Acquisition By Coinbase Reportedly In Final Stages At Sub $1B Valuation appeared first on 99Bitcoins.
