CoinDCX CEO Sumit Gupta says the company is not up for sale

CoinDCX CEO Sumit Gupta says the company is not up for sale

Coinbase, the prominent cryptocurrency exchange, is reportedly in advanced talks to acquire CoinDCX, one of India's largest crypto exchanges. According to two sources familiar with the development, Coinbase views the acquisition as a long-term strategic investment in the Indian crypto market [1].

The proposed acquisition comes after CoinDCX suffered a significant security breach in July 2025, resulting in crypto losses of $44 million. Despite the setback, Coinbase sees the acquisition as an opportunity to expand its presence in the Indian market [2].

However, CoinDCX CEO Sumit Gupta has dismissed the acquisition rumors, stating that the company is "super focused" on building for India's crypto story and is not up for sale. Gupta emphasized that CoinDCX will share more details later but wanted to clarify the situation upfront [1].

The acquisition would value CoinDCX below $900 million, a sharp decline from its peak valuation of $2.2 billion in 2021. Coinbase already owns stakes in CoinDCX and CoinSwitch, and the acquisition would mark a deeper push into the Indian market [2].

Coinbase has been exploring opportunities in India, including the possibility of combining its stakes in CoinDCX and CoinSwitch. However, neither Coinbase nor CoinSwitch has confirmed active talks about a merger [2].

References:
[1] https://cryptonews.com/news/coinbase-in-advanced-talks-to-acquire-coindcx/
[2] https://www.livemint.com/companies/news/coinbase-coindcx-44-million-crypto-heist-us-cryptocurrency-coinswitch-11753706315291.html