Coinbase mounts a cautious comeback in India, two years after exit
Major US cryptocurrency exchange Coinbase is resuming operations in India after a two-year absence, having off-boarded its previous Indian customers in 2023 to start with a "clean slate." The company has reopened app registrations and is offering immediate crypto-to-crypto trading. Coinbase plans to introduce local fiat on-ramps by 2026.
The comeback follows recent efforts to rebuild government relations, including securing a license from India’s Financial Intelligence Unit in March 2025 and signing a memorandum of understanding with Karnataka’s IT ministry to collaborate on blockchain innovation and cybersecurity. The exchange has also been engaging with Indian policymakers, expressing optimism about future crypto regulation in the country.
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