Coinbase Approved to Offer Crypto Trading in India
- Coinbase has received approval to offer digital asset trading in India.
- The exchange plans to launch crypto trading services in India later this year.
- Coinbase initially entered the Indian market in 2022 but withdrew due to regulatory issues.
- India has the world’s highest rate of grassroots crypto adoption, according to a 2024 report.
- 12% of global onchain developers are based in India as of 2023.
Coinbase is set to re-enter the Indian market with plans to launch crypto trading services later this year, following its recent approval. The country hosts the highest rate of grassroots crypto adoption and a significant portion of global onchain developers.
Source (2.6)https://decrypt.co/309586/coinbase-receives-greenlight-to-offer-crypto-trading-in-india?rand=52368
