According to @simplykashif, Coinbase clarified its recent Competition Commission of India (CCI) paperwork is a routine step tied to a prior investment and not related to any plan to acquire CoinDCX, and CoinDCX has already denied the buyout rumor; no new deal or takeover is underway, source: @simplykashif. For traders, this removes an immediate M&A catalyst for COIN and implies no near-term consolidation impact on India’s crypto exchange landscape from this event, based on the same source: @simplykashif.