5 hours ago
Coinbase halted services wholly successful 2023, off-boarded millions of Indian users and shuttered section entree portion reassessing regulatory exposure.
Updated Dec 8, 2025, 6:17 a.m. Published Dec 8, 2025, 6:10 a.m.
Coinbase has resumed onboarding users successful India aft much than 2 years, marking its archetypal measurement backmost into a marketplace it abruptly exited successful 2023 pursuing regulatory friction implicit outgo rails.
The speech is again allowing caller registrations and crypto-to-crypto trading, with plans to reintroduce a fiat on-ramp adjacent year, APAC manager John O’Loghlen said astatine past week’s India Blockchain Week.
The determination follows a prolonged standoff triggered successful 2022, erstwhile Coinbase launched successful India with enactment for the country’s Unified Payments Interface (UPI) but withdrew the diagnostic wrong days aft the web relation publically declined to admit the exchange.
Coinbase aboriginal halted services entirely, off-boarded millions of Indian users and shuttered section entree portion reassessing regulatory exposure.
O’Loghlen said the steadfast opted for a “clean slate” attack and began engaging straight with the Financial Intelligence Unit, the bureau liable for monitoring digital-asset transactions. Coinbase completed FIU registration earlier this twelvemonth and began admitting users done an early-access programme successful October.
The app is present unfastened broadly, though trading remains constricted to crypto pairs until fiat rails return.
India remains 1 of the toughest large markets for exchanges to run successful owed to a 30% level taxation connected crypto gains, a prohibition connected nonaccomplishment offsets and a 1% transaction levy that suppresses trading volumes.
Despite regulatory uncertainty, Coinbase continues to put successful the country. Its task limb precocious increased its involvement successful section speech CoinDCX astatine a $2.45 cardinal valuation, and the institution plans to grow its 500-plus India workforce crossed some home and planetary merchandise lines.
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