Coinbase is said to be said in “advanced discussions” to get Coindcx, which is recently penetrated Indian Crypto and which has already carries a stake, according to a local news report.
If completed, the value of the deal will reach less than one billion dollars and deepen Coinbase’s relationships in the Indian market, According to To a report from Mint on Monday, who was martyred with two exporters whose name was not aware of this issue.
“Coinbase sees this as a long -term strategic bet,” one of the sources said, adding:
“The purchase of Coindcx in this reduced evaluation is basically a low-cost gambling-as it places itself in a potential upward trend if the encryption market in India is ultimately matured.”
A spokesman for Coinbase Cointelegraph told “they do not comment on rumors or speculation.”
“We have a bold task to increase economic freedom in the world, and we constantly explore opportunities around the world to build, buy, partner and invest to accelerate our road map.”
The reported evaluation is a great exit from Coindcx Rating 2.2 billion dollars receive In April 2022.
COINDCX recovers from $ 44 million penetration
The accident comes about 11 days after Coindcx $ 44.2 million penetration On July 18, when the attackers violated and drained it within minutes.
CoINDCX security guarantees that everyone Customer funds remained unattainable.
Coinbase may consider increasing its shares in the exchange of another Indian encryption
According to another option is evaluated, the combination of Coinbase in Coindcx and Coinswitch, a major exchange of Indian encryption, one of the exporters told us Mint, adding that no official talks had been held.
Related to: Coinbase suits the man using the URL look like Coinbase to make money
It comes as Coinbase has been registered with The Financial Intelligence Unit in India In March – it may indicate its intention to expand its presence in the world’s most populous country.
Coinbase was on the acquisition of the acquisition
Meanwhile, in May, Coinbase A. 2.9 billion dollars, acquisition of cash and stock From Deribit as part of a step to put it as a leader in the coding derivative market.
Earlier this month, Coinbase as well Acquired, Distinguished symbol management platform that serves ONSAIN builders in the early stage.
magazine: The distinctive shares of Robinhood raised the legal tube nest
publish_date
