Coinbase in advanced talks to acquire CoinDCX for under $1B amid post-hack valuation drop

Coinbase Global Inc. is reportedly engaged in advanced negotiations to acquire India-based cryptocurrency exchange CoinDCX, a move that could redefine its global expansion strategy. The potential deal, valued at less than $1 billion, would mark a strategic consolidation in a market where CoinDCX recently suffered a $44.2 million hack in July 2025, significantly altering its valuation trajectory [1]. The acquisition would build on Coinbase’s existing stake in the platform and align with its broader efforts to solidify its presence in India, where crypto adoption has been surging despite an evolving regulatory landscape [2].

The proposed purchase comes amid a sharp decline in CoinDCX’s perceived value, which had reached $2.2 billion in April 2022. Industry sources suggest the reduced valuation reflects both the security breach and the broader correction in the crypto market following a downturn in late 2024 [3]. A source cited in the Mint report described the acquisition as a “low-cost gamble,” positioning Coinbase to benefit if India’s crypto market matures into a mature financial ecosystem [4].

India’s regulatory environment, however, introduces complexity. While the country’s Financial Intelligence Unit has approved Coinbase’s registration, the government’s proposed crypto tax regime and exploration of a central bank digital currency (CBDC) highlight uncertainties. Acquiring CoinDCX would grant Coinbase access to its 10-million-user base and existing infrastructure, circumventing logistical and legal challenges for cross-border transactions. Yet, the hack has raised questions about user trust, with some community members expressing concerns over data security and operational continuity [5].

Coinbase’s acquisition strategy extends beyond India. The company recently completed a $2.9 billion purchase of Deribit, a derivatives exchange, and acquired Liquifi, a token-management platform. These moves underscore its ambition to dominate emerging segments of the crypto sector, from derivatives to onchain tools. However, integrating a platform with recent security vulnerabilities may delay regulatory approvals, particularly if Indian authorities scrutinize consumer protection measures [6].

Market reactions to the speculation have been mixed. Coinbase shares saw a modest intraday rally after the reports surfaced, though broader market volatility continues to weigh on investor sentiment. Analysts caution that while the acquisition could enhance Coinbase’s market access, the financial risks of acquiring a troubled asset remain unresolved [7].

If finalized, the deal would represent one of the largest cross-border crypto acquisitions in recent years. It also highlights the sector’s ongoing balancing act between rapid growth and operational risk, as high-profile hacks become increasingly common despite rising institutional interest. The outcome of these negotiations will likely set a precedent for how major exchanges navigate security challenges while pursuing strategic dominance in fragmented markets.

[1] Crypto News: Coinbase in talks to acquire India's CoinDCX for under $1B [https://crypto.news/coinbase-acquire-coindcx-exchange-after-44m-hack-2025/](https://crypto.news/coinbase-acquire-coindcx-exchange-after-44m-hack-2025/)

[2] Medial: Coinbase circles CoinDCX after $44 mn crypto heist [https://medial.app/news/coinbase-circles-coindcx-after-dollar44-mn-crypto-heist-94be80b345fe9](https://medial.app/news/coinbase-circles-coindcx-after-dollar44-mn-crypto-heist-94be80b345fe9)

[3] Techmeme: Sources: Coinbase is in advanced talks to acquire CoinDCX [https://www.techmeme.com/](https://www.techmeme.com/)

[4] X (Crypto Briefing): Coinbase reportedly in advanced talks with CoinDCX [https://x.com/Crypto_Briefing/status/1949996858186879349](https://x.com/Crypto_Briefing/status/1949996858186879349)

[5] Platinum Crypto Academy: How to Trade Cryptocurrency in a Post-Hack Era [https://www.platinumcryptoacademy.com/](https://www.platinumcryptoacademy.com/)

[6] Advfn.com: Coinbase reportedly in advanced talks to buy Indian crypto exchange [https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96510391/coinbase-reportedly-in-advanced-talks-to-buy-coind](https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96510391/coinbase-reportedly-in-advanced-talks-to-buy-coind)

[7] X (TipRanks): Coinbase in advanced talks to acquire India’s CoinDCX [https://x.com/tipranks?lang=en](https://x.com/tipranks?lang=en)