India allows Coinbase's minority investment in CoinDCX, enabling US exchange to grow in India's crypto market.

India has approved Coinbase's minority investment in CoinDCX, allowing the U.S. exchange to make inroads in the local cryptocurrency market. The clearance paves the way for Coinbase to expand its presence in India, where the market for digital currencies is rapidly growing. This move is significant as it marks Coinbase's strategic approach to tap into the emerging crypto landscape in the country. With this approval, Coinbase can now leverage CoinDCX's position in the Indian market, which has seen a surge in interest in cryptocurrencies. This development comes as India continues to witness a rise in crypto adoption, with a reported increase of X% in crypto users in the past year. By entering the Indian market through CoinDCX, Coinbase aims to capitalize on this growing trend and establish a stronger foothold in one of the fastest-growing crypto markets globally.