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Coinbase is negotiating the acquisition of CoinDCX with a valuation of under 900 million USD.
Coinbase is in the final negotiation stage to acquire the Indian exchange CoinDCX with a valuation of under 900 million USD, significantly lower than the peak of 2.2 billion USD three years ago. Coinbase sees this as a long term investment in the Indian market. Previously, CoinDCX was hacked for 44 million USD on July 19. Coinbase declined to comment on this information.