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 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.

Mint's sources added that Coinbase already has equity in both CoinDCX and rival CoinSwitch.

In his post, Gupta emphasized the exchange's India-focused strategy.

"CoinDCX is 'super focused' on building for India’s crypto story and not up for sale! Will share more later, but just wanted to clarify this upfront!" Gupta noted.

Coinbase declined to comment.

"We don’t 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,” it said.

CoinDCX recently suffered a $44 million security breach that targeted an operational wallet. The exploit was quickly contained, ensuring the crypto assets were untouched and safe in cold wallets.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。