{"id":39303,"date":"2025-07-29T10:49:47","date_gmt":"2025-07-29T10:49:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39303"},"modified":"2025-07-29T10:49:47","modified_gmt":"2025-07-29T10:49:47","slug":"coindcx-dismisses-report-of-coinbase-acquisition-talks","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39303","title":{"rendered":"CoinDCX Dismisses Report of Coinbase Acquisition Talks"},"content":{"rendered":"
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CoinDCX, India’s largest crypto exchange, dismissed a local media report that U.S. rival Coinbase (COIN) was looking to acquire it.<\/p>\n

“Ignore the rumours,” CEO Sumit Gupta said Tuesday in a post on X.<\/p>\n

Earlier in the day Mint reported<\/a> that Coinbase was in advanced talks to acquire the Mumbai-based company, citing two people with knowledge of the matter. The potential acquisition could value CoinDCX at less than $1 billion, a steep drop from its $2.2 billion valuation in 2021, it said.<\/p>\n

Mint’s sources added that Coinbase already has equity in both CoinDCX and rival CoinSwitch.<\/p>\n

In his post, Gupta emphasized the exchange’s India-focused strategy.<\/p>\n

“CoinDCX is ‘super focused’ on building for India\u2019s crypto story and not up for sale! Will share more later, but just wanted to clarify this upfront!” Gupta noted<\/a>.<\/p>\n

Coinbase declined to comment.<\/p>\n

“We don\u2019t comment on rumors or speculation. We have a bold mission to increase economic freedom in the world, and are constantly exploring opportunities around the world to build, buy, partner and invest to accelerate our roadmap,\u201d it said.<\/p>\n

CoinDCX recently suffered a $44 million security breach<\/a> that targeted an operational wallet. The exploit was quickly contained, ensuring the crypto assets were untouched and safe in cold wallets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

CoinDCX, India’s largest crypto exchange, dismissed a local media report that U.S. rival Coinbase (COIN) was looking to acquire it. “Ignore the rumours,” CEO Sumit Gupta said Tuesday in a post on X. Earlier in the day Mint reported that Coinbase was in advanced talks to acquire the Mumbai-based company, citing two people with knowledge […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39303","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39303"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39303\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}