Coinbase Is Coming Back to India: What It Means for Crypto Investors By ChainFabricNews

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Image source: The Indian Express

After a long pause, Coinbase—the largest crypto exchange in the United States—is officially making a comeback in India. The company recently registered with the Financial Intelligence Unit (FIU) of India, clearing a major regulatory hurdle that allows it to offer crypto services again in the country.

This marks a big moment for crypto investors and enthusiasts across India. For many, Coinbase’s return brings fresh hope for more global-level innovation, better user experience, and potentially fairer crypto prices.

Why Did Coinbase Leave India in the First Place?

Coinbase first entered the Indian market in April 2022 with big plans. It even launched support for UPI payments, a popular method among Indian users. But that dream didn’t last long.

Soon after launch, the National Payments Corporation of India (NPCI) publicly stated that it wasn’t aware of any crypto exchanges officially using UPI. That created regulatory confusion, and Coinbase was forced to suspend its services. By late 2023, the company had completely exited the market, citing India's complicated crypto tax rules and compliance challenges.

What Changed Now?

Fast forward to 2025, and things are looking different. Coinbase has officially registered with the FIU, which means it’s now aligned with Indian anti-money laundering laws. This is a major step that shows the exchange is serious about complying with local rules.

In a public statement, John O'Loghlen, Coinbase’s Regional Managing Director for Asia Pacific, said, "India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full compliance with local regulations."

What Does This Mean for Indian Users?

For Indian crypto traders, this is potentially great news. With Coinbase back in action, we can expect more competition in the market. That could lead to lower trading fees, better security, and more transparency. Right now, many Indian platforms list crypto prices higher than international exchanges due to limited liquidity. Coinbase might help narrow that gap.

However, the road ahead still has its bumps. India’s tax policies for crypto are still tough—there’s a 30% tax on profits and 1% TDS on every transaction. These rules might discourage small investors or casual traders. So, while Coinbase can offer a global standard platform, regulatory challenges are far from over.

What’s Next?

Coinbase has announced plans to roll out crypto trading services in India later this year. They may also introduce new investment options for Indian users. Although the exact launch date isn’t confirmed yet, it’s clear that the company is taking a slow and steady approach to re-establish itself.

The timing also aligns with a broader global shift. As other countries, including the U.S., take a more open stance on crypto, India may also rethink its strategy. If that happens, Coinbase could become a key player in shaping India’s digital finance future.

Final Thoughts

Coinbase’s return is more than just a business move—it’s a sign that India’s crypto industry might be maturing. While challenges remain, the door is now open for more innovation, global partnerships, and improved access for Indian investors. Whether you're a seasoned trader or just curious about crypto, this is definitely a space to watch in 2025.

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