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- Debashree Patra
Debashree Patra
- Reviewed by:
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 29, 2025 05:59 UTC
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“CoinDCX Not for Sale”, Says CEO Sumit Gupta Amid Coinbase Acquisition Rumours
As global crypto adoption expands, all eyes are turning to Asia—and especially India—as the next big growth frontier. With over 93 million users, India now ranks as the largest crypto-owning country in the world. That makes it no surprise that Coinbase, the largest publicly listed crypto exchange in the U.S., is reportedly making a move in this market.
The Claim
Recent media reports suggest that Coinbase is in talks to acquire CoinDCX, one of India’s top cryptocurrency exchanges, at a valuation of under $1 billion. The timing of these alleged negotiations has raised eyebrows, as it follows closely after a $44 million hack on CoinDCX, which reportedly affected the exchange’s valuation and market reputation.
CoinDCX had previously reached a $2.2 billion valuation in 2022 after a $135 million Series D funding round. But after suffering unauthorized access to its hot wallet in July 2025, its estimated worth has fallen significantly, reportedly creating a window for acquisition talks to begin.
What CoinDCX Said?
Despite the flurry of speculation, CoinDCX CEO Sumit Gupta has publicly denied the rumors. In a post on X (formerly Twitter), he stated clearly
“CoinDCX is not up for sale!” Sumit Gupta on X
His statement comes amid rising media coverage of the potential deal, but his tone leaves little room for doubt that CoinDCX is staying independent for now.
Coinbase’s Position
Coinbase has not confirmed or denied the acquisition claim. In its standard approach to speculation, the company said it does not comment on market rumors.
However, Coinbase’s recent progress in India, particularly gaining registration with the Financial Intelligence Unit (FIU), signals a serious intent to expand in the region.
Its 2022 launch in India was halted amid regulatory uncertainties, but it now seems to be rebuilding that plan through more compliant and strategic steps.
Coinpedia’s Fact Check Verdict
As of now, there is no official confirmation from either Coinbase or CoinDCX that an acquisition is underway. While local reports and market speculation suggest interest, the only direct public statement, by CoinDCX’s CEO, flatly denies any deal is in progress.
Given this clear denial and the lack of formal confirmation from Coinbase, Coinpedia finds the claim to be untrue at this time.
What’s Next?
India remains a key strategic market for Coinbase and other global crypto firms. With a massive user base and growing regulatory clarity, we’ll likely see more moves in the region from partnerships to infrastructure expansion. Whether that includes a future acquisition, and whether CoinDCX could still be part of those plans, remains to be seen. But for now, the Coinbase–CoinDCX deal is just a rumor.
Conclusion
| Claim | Coinbase is reportedly negotiating to acquire CoinDCX. |
| Verdict | ❌ False |
| Fact-Check by Coinpedia | As per Coinpedia’s research and a review of official sources, there is no credible or verifiable evidence that Coinbase is acquiring CoinDCX. |
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