So, the whole world is obsessed with crypto, wallets, and a future where your cab driver is mortgaging NFTs of his moustache. Naturally, everyone’s got an eye on Asia—especially India, which is now sporting over 93 million crypto users. That’s right, 93 million! At this point, I think even my Aunt Edna is mining Bitcoin between rounds of mahjong. 🤷♂️
The Claim
Rumor has it—no, not Adele this time—that Coinbase, America’s top crypto exchange, is eyeing CoinDCX, an Indian exchange that’s so big, even Bollywood heroes can’t get a table there. The alleged price? Less than a billion bucks! Sounds like a Black Friday sale, but with more servers and fewer toasters.
Apparently, CoinDCX used to be worth $2.2 billion. Then hackers broke in last July and, poof, took $44 million for a joyride. I mean, that’s one expensive oopsie. Now, with the price tag slashed, everyone’s suddenly interested. Shocking! Next up: a coupon code?
What CoinDCX Said?
Amid the hoopla, CoinDCX CEO Sumit Gupta stepped in, shaking his head like a dad whose wallet you just tried to “borrow.” On X (yeah, that’s Twitter with an identity crisis), he says—
“CoinDCX is not up for sale!” — Sumit Gupta on X
(If you want to buy it, you’ll need to wait for it to go on Craigslist.)
He made it sound so dramatic, you’d think someone was auctioning off the Taj Mahal.
Coinbase’s Position
Coinbase, on the other hand, plays it cool. “Market rumors? Us? We’ve never heard of them.” Classic move—deny everything, especially if there’s cake in the fridge. 😉
Still, Coinbase did sneak into India’s crypto party again by signing up with the Financial Intelligence Unit, so they’re definitely RSVP’ing. Their first launch in 2022 ended with more red tape than a Christmas present, but hey, try and try again, right?
Coinpedia’s Fact Check Verdict
Here’s the real scoop—for now, according to all the experts, the closest thing to an acquisition is my Uncle Morty buying socks at Walmart. CoinDCX denies it. Coinbase—stone-faced. Coinpedia’s verdict? Rumor, pure and simple. Enjoy the popcorn. 🍿
What’s Next?
India’s still the cool kid on the playground for global crypto firms. We’ll see more drama: maybe some new alliances, maybe a dance-off, possibly a crypto-based soap opera. Will Coinbase eventually grab CoinDCX? Who knows! At this point, check back next season.
Conclusion
| Claim | Coinbase is reportedly negotiating to acquire CoinDCX. |
| Verdict | False (as false as my cousin’s hairline) |
| Fact-Check by Coinpedia | No evidence. No smoke. Not even a slightly burnt toast. Move along. |
Never Miss a Beat in the Crypto World!
Stay tuned, stay smart, and if you see another rumor—buy popcorn, not coins. 🕵️♀️🍿
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2025-07-29 09:21