Coinbase is reportedly considering acquiring Indian crypto exchange CoinDCX, which was hacked earlier this month.
Coinbase is reportedly in “advanced discussions” to acquire CoinDCX, the recently hacked Indian crypto exchange in which it already holds a stake, according to a local news report.
If completed, the deal would be valued at less than a billion dollars and deepen Coinbase’s ties in the Indian market, according to a report from Mint on Monday, which cited two unnamed sources familiar with the matter.
“Coinbase sees this as a long-term strategic bet,” one of the sources told Mint, adding:
