Nasdaq-listed cryptocurrency exchange Coinbase plans to increase its investment in CoinDCX, one of India’s top crypto exchanges, pushing the company’s valuation to $2.45 billion. The deal is subject to regulatory approvals.

Binance has launched a $400 million recovery fund to support users and institutions following one of the crypto market’s steepest drops this year.

Japan plans to expand its securities laws to ban crypto insider trading, giving regulators more power to investigate and penalize misconduct in the sector, Nikkei Asia reported.

Top stories in the Crypto Roundup today:

• Coinbase to Boost Stake in India’s Top Crypto ExchangE CoinDCX
• Binance Launches $400M Recovery Fund to Support Users After Market Turmoil
• Japan Plans Crackdown on Crypto Insider Trading With New Securities Rules

Coinbase to Boost Stake in India’s Top Crypto ExchangE CoinDCX

Nasdaq-listed cryptocurrency exchange Coinbase plans to increase its investment in CoinDCX, one of India’s top crypto exchanges, pushing the company’s valuation to $2.45 billion. The deal is subject to regulatory approvals.

Coinbase Chief Business Officer Shan Aggarwal called it a bet on India and the Middle East’s growing role in the digital economy. Coinbase first backed CoinDCX in 2020 through its venture arm.

CoinDCX, which reported $165 billion in annualized transaction volume and 20 million users as of July, aims to use the funding to expand in the UAE and build out its Web3 platform, Okto. CEO Sumit Gupta said the investment builds on the company’s $135 million raise in 2022.

Binance Launches $400M Recovery Fund to Support Users After Market Turmoil

Binance has launched a $400 million recovery fund to support users and institutions following one of the crypto market’s steepest drops this year.

The “Together Initiative” will provide $300 million in USDC to retail traders who suffered forced liquidations between October 10 and 11. Eligible users must have lost at least $50 and more than 30% of their portfolio. Payouts are expected to begin within a day.

Another $100 million will be offered as low-interest loans to institutional clients struggling with liquidity. Firms can apply through Binance account managers.

This new effort is separate from the $283 million Binance pledged earlier to address platform-related issues. The “Together” fund focuses on broader market recovery, as the exchange seeks to shore up confidence amid continued volatility.

Japan Plans Crackdown on Crypto Insider Trading With New Securities Rules

Japan plans to expand its securities laws to ban crypto insider trading, giving regulators more power to investigate and penalize misconduct in the sector, Nikkei Asia reported.

The Securities and Exchange Surveillance Commission (SESC) would be able to issue fines and refer serious violations for prosecution. The country’s current laws don’t cover insider trading in crypto, and industry self-regulation has left major oversight gaps.

The Financial Services Agency aims to finalize the framework by the end of 2025 and submit a legal amendment next year. The change comes as Japan’s crypto user base has grown to nearly 8 million, or about 6% of the population.

The proposed rules would bring crypto oversight closer to that of traditional markets, though regulators still face challenges identifying “insiders” in decentralized token projects.

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