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Promote with Leviathan NewsCoinbase has quietly reopened registrations for Indian users after more than two years, allowing crypto-to-crypto trading only while targeting 2026 to reintroduce fiat (INR) on-ramps. The move follows the exchange’s registration with India’s Financial Intelligence Unit (FIU) and comes alongside fresh investment into local exchange CoinDCX, signaling a more compliance‑driven, partnership‑oriented strategy for re‑entering the Indian market. Coinbase originally launched in India in 2022 with direct rupee support but quickly ran into regulatory and payments issues, particularly after the National Payments Corporation of India publicly distanced itself from Coinbase’s use of the Unified Payments Interface (UPI), leading to a halt in local payment support and eventual suspension of operations for Indian users. Since then, India has maintained a strict regime on digital assets, including a 30% tax on crypto gains and a 1% tax deducted at source (TDS) on many transactions, which has pushed trading volumes offshore and into gray areas. Coinbase’s decision to re-enter with only crypto-to-crypto functionality — no INR deposits or withdrawals — reflects an attempt to stay within what it views as the clearest regulatory perimeter while it works toward a regulated cash-to-crypto system by 2026. Operationally, Coinbase began testing its return via an early-access program in October, then opened registration to all Indian users after gaining comfort with the new compliance structure. Users in India can now sign up and trade between digital assets on Coinbase’s spot markets, access Simple Trade and Advanced Trade interfaces, and use Coinbase Wallet for self‑custody and DeFi/NFT interactions, but they still need external channels to move rupees in or out of crypto. The updated strategy is paired with a deeper local footprint via Coinbase Ventures’ additional capital injection into CoinDCX at a reported $2.45 billion valuation, reinforcing Coinbase’s commitment to India’s crypto ecosystem while diversifying its approach through a domestic partner that already complies with local rules. How Coinbase navigates India’s evolving regulatory, tax, and banking environment over the next two years will serve as a key test case for global exchanges trying to operate within one of the world’s most tightly regulated but high‑potential crypto markets.
AI-generated background, compiled from web sources — not editorial content.
businesstoday.in ·
Financefeeds ·
CoinTelegraph ·
The Block ·
𝕏/@CryptooIndia ·
𝕏/@smtgpt ·
businesstoday.in ·
Financefeeds ·
CoinTelegraph ·
The Block ·
𝕏/@CryptooIndia ·
𝕏/@smtgpt ·
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