The Indian Competition Commission has approved Coinbase's acquisition of a minority stake in the Indian local exchange CoinDCX, marking the formal return of this American company to the Indian market after a two-year absence. This transaction consolidates the partnership between the two parties and enhances CoinDCX's position in India. India ranks first in the global cryptocurrency adoption rate. Analysts believe this could pave the way for more foreign exchange investments to enter India's digital finance sector.