[Coinbase Receives Approval from India's Competition Commission to Acquire Minority Stake in CoinDCX] Foresight News reports that India's Competition Commission has approved Coinbase's acquisition of a minority stake in the Indian crypto platform CoinDCX. Coinbase Chief Legal Officer Paul Grewal later confirmed the news, stating that this move will deepen the long-term partnership between Coinbase and CoinDCX. The approval for this acquisition stems from Coinbase's investment plan announced in October this year, at which time CoinDCX's post-investment valuation was approximately $2.4 billion, with an annual revenue of about $141 million. Although the specific shareholding ratio has not been disclosed, Coinbase has denied earlier reports of a $1 billion full acquisition of the company.