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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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