Coinbase resumes registration in India: return to the cryptocurrency market after a two-year break
The cryptocurrency exchange Coinbase has reopened the possibility of registration for users in India after more than a two-year break. At the moment, users can only trade cryptocurrencies, but Coinbase's Asia Pacific director John O'Loglen announced at India Blockchain Week plans to launch a fiat transaction platform in 2026, allowing users to deposit funds and buy cryptocurrencies.
Source - TechCrunch
Coinbase previously tried to enter the Indian market in 2022, but quickly suspended support for the UPI payment network due to the refusal of the National Payment Corporation of India. Later, in 2023, the company shut down all its operations in India, which caused disappointment for several million of its users. To resume operations, Coinbase began to cooperate with the Financial Intelligence Unit of India by registering in 2023.
Despite the difficult regulatory environment and high taxation of cryptocurrencies in India, Coinbase remains optimistic. The company has invested in the local exchange CoinDCX and plans to expand its team in the country. O'Loglen emphasized the importance of creating a reliable user experience to gain the trust of Indian users.
