India Probes CoinDCX, Delta Exchange Over Alleged Offshore Crypto Trading Worth Thousands Of Crores

The probe targets offshore trading activity routed through the two exchanges, though the ED did not disclose a precise figure for the flows under review. The action signals growing scrutiny of how Indian platforms facilitate access to overseas crypto markets, a segment that has expanded rapidly alongside derivatives volumes. Watch for the ED’s findings on whether the transactions breached FEMA’s current-account rules, and for any response from CoinDCX and Delta Exchange on operational or compliance changes.