Coinbase Secures Approval to Relaunch Crypto Services in India

After a prolonged absence from the Indian market due to regulatory concerns, Coinbase has secured authorization from India’s financial regulator to resume its services in the country.

The US-based crypto platform had halted operations in early 2023 but is now set to re-enter one of the world’s most rapidly expanding digital asset markets.

With this regulatory clearance, Coinbase is preparing to roll out retail trading services in India later this year. Beyond basic trading, the company has outlined plans to introduce investment products specifically designed for Indian users.

John O’Loghlen, Coinbase’s Regional Managing Director for the Asia-Pacific region, emphasized India’s strong developer ecosystem and entrepreneurial potential.

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He noted that many Indian innovators have historically sought opportunities abroad, but crypto could change that landscape by providing local builders with the tools and platforms they need to scale their ideas globally. Coinbase hopes that its presence in India, along with blockchain infrastructure like Base, will enable more startups to thrive domestically.

The company views India as a key player in the global tech space, citing its thriving startup culture and talent pool as reasons for its renewed focus on the market. Coinbase now joins the ranks of other international exchanges, such as Binance and KuCoin, which have also obtained regulatory approvals to operate in the country.

Alexander Zdravkov