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2mo ago

Coinbase Secures Regulatory Approval to Relaunch Crypto Trading in India

The exchange's registration with India's Financial Intelligence Unit marks its return to one of the world's most promising crypto markets after a two-year hiatus.

A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
India regulations Markets coinbase crypto exchange

Overview

  • Coinbase has registered with India's Financial Intelligence Unit (FIU), enabling it to legally offer crypto trading services in the country.
  • The exchange plans to launch retail trading services later in 2025 and expand its offerings with new investment products and tools.
  • This move comes after Coinbase withdrew from India in 2023 due to regulatory challenges, including issues with UPI integration and informal pressure from the Reserve Bank of India.
  • India is home to 12% of the global onchain developer talent, and Coinbase aims to support local innovation through its Ethereum-based Layer-2 platform, Base.
  • The decision aligns with India's evolving regulatory stance on digital assets, influenced by global policy shifts and growing domestic interest in crypto and Web3 technologies.