Coinbase is reportedly in advanced discussions to acquire CoinDCX, an Indian crypto exchange that was hacked earlier this month. Currently, Coinbase holds a stake in CoinDCX. If the acquisition goes through, it is valued at under a billion dollars and would strengthen Coinbase's position in the Indian market. Sources suggest that acquiring CoinDCX at a low valuation is seen as a strategic risk with potential upside if India's crypto market grows. Coinbase has stated that they do not comment on rumors but emphasize their mission to enhance economic freedom globally. Recently, CoinDCX experienced a security breach, resulting in a loss of $44 million. There are also discussions about combining Coinbase's investments in CoinDCX with another major Indian exchange, CoinSwitch. Additionally, Coinbase has been active in acquiring other companies to expand its market presence, including finishing a deal for Deribit and targeting token-management solutions.

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