Coinbase Reopens in India with Crypto Trading and Future Fiat Plans
- Coinbase has resumed user registrations in India, offering crypto-to-crypto trading.
- The company plans to introduce fiat on-ramps by 2026.
- This move follows a previous withdrawal from the Indian market due to regulatory challenges.
- Coinbase is re-engaging with Indian regulators, including the Financial Intelligence Unit (FIU-IND).
- An investment was made in CoinDCX, an FIU-registered exchange offering INR-based futures trading.
- Binance, having resolved compliance issues, is also active in India, increasing competition among global exchanges.
Coinbase has reopened its platform for user registration in India, enabling crypto-to-crypto transactions and planning fiat on-ramp capabilities by 2026. The exchange’s re-entry into the market comes after addressing regulatory challenges and investing in local platforms like CoinDCX. Competition with Binance is expected to heighten as both exchanges operate within India’s evolving regulatory landscape.
Source (3.2)https://cryptobriefing.com/coinbase-india-relaunch-fiat-onramp/?rand=59535
