Coinbase mounts a cautious comeback in India, two years after exit
Coinbase is cautiously re-entering the Indian market after a two-year absence, planning local fiat on-ramps by 2026.Summary
Major US cryptocurrency exchange Coinbase is returning to India after ceasing local services in September 2022. Coinbase APAC director John O’Loghlen announced the resumption of app registrations, noting that they "burn the boats" for a clean slate after previously off-boarding Indian customers from overseas entities. Users can immediately execute crypto-to-crypto trades, with local fiat on-ramps planned for 2026. The company has been actively engaging with Indian authorities, including representation before the Parliamentary Standing Committee on Finance and signing an MoU with the Karnataka government to foster blockchain innovation and startup incubation on the Base protocol. Coinbase secured a license from India’s Financial Intelligence Unit in March 2025, signaling its commitment to the market.
(Source：Cointelegraph)