CCI Clears Coinbase’s Investment In CoinDCX

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SUMMARY

CCI has approved Coinbase Global Inc’s plan to acquire a minority stake in DCX Global Ltd, the entity that owns crypto unicorn CoinDCX’s brand, technology, and intellectual property

This is after Coinbase announced a fresh investment in CoinDCX in October this year, at a post-money valuation of $2.45 Bn as part of its strategy to scale its presence in India and the Middle East

Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX is one of India’s largest crypto…



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CCI Clears Coinbase’s Investment In CoinDCX


SUMMARY

CCI has approved Coinbase Global Inc’s plan to acquire a minority stake in DCX Global Ltd, the entity that owns crypto unicorn CoinDCX’s brand, technology, and intellectual property

This is after Coinbase announced a fresh investment in CoinDCX in October this year, at a post-money valuation of $2.45 Bn as part of its strategy to scale its presence in India and the Middle East

Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX is one of India’s largest crypto…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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