India’s ED searches CoinDCX and Delta Exchange over offshore trade routing

India's Enforcement Directorate searched CoinDCX and Delta Exchange over allegations that they routed Indian users' trades to offshore venues including Binance and Bybit through a Costa Rican shell entity. The probe targets possible violations of Indian financial rules around offshore trading. Traders should watch for enforcement escalation against Indian exchanges, which could pressure local volumes and offshore access, though no charges or asset freezes have been announced.