Coinbase Set to Re-enter India’s Crypto Market with Regulatory Approval
Coinbase is set to make a comeback in India’s cryptocurrency market, nearly two years after halting its operations in 2023.
The exchange has now secured approval from the Financial Intelligence Unit (FIU) of India, which will allow it to offer crypto trading services once again.
The decision to re-enter India comes at a time when the demand for digital assets is on the rise, and regulatory conditions are becoming more favorable.
Coinbase plans to roll out retail services and a range of products by the end of 2025. The move positions Coinbase to compete against established players such as Binance, KuCoin, and CoinDCX.
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John O’Loghlen, Coinbase’s regional managing director for Asia Pacific, emphasized the importance of India in the global market, stating that the country offers one of the most exciting opportunities in the crypto space.
In order to operate within India, exchanges must adhere to strict regulations, including anti-money laundering rules, a policy reinforced after last year’s $235 million hack of WazirX. Coinbase’s re-entry is seen as a step toward boosting the credibility and legitimacy of the country’s crypto market.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
