Coinbase has officially resumed operations in India, reopening user registrations for its crypto-to-crypto trading services. This move marks a significant step in the company's re-entry into one of the world's largest digital asset markets after withdrawing in early 2023 due to regulatory challenges. The company has since been engaging with local regulators, including registering with India's Financial Intelligence Unit (FIU), to ensure compliance. While users can now sign up and trade between different cryptocurrencies, the full functionality of the platform is yet to come. Coinbase's APAC director, John O'Loghlen, announced that the company plans to introduce fiat on-ramps, allowing users to purchase crypto directly with Indian rupees, by 2026. This phased approach follows Coinbase's recent venture investment in CoinDCX, a prominent local exchange, signaling a deeper commitment to the Indian market. No market reaction was available.
Coinbase Re-Enters Indian Market, Resumes User Registrations
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