Coinbase Plots Full Comeback in India, Fiat Support Expected in 2026
Coinbase has resumed onboarding users in India and plans to introduce local fiat currency support by 2026.Summary
Coinbase, the largest US crypto exchange, has restarted user onboarding in India after a two-year pause caused by regulatory friction, including the suspension of UPI support in 2022. The platform is now widely accepting new sign-ups, though transactions are currently limited to crypto-to-crypto. Coinbase's APAC director, John O’Loghlen, stated the company is preparing for a full comeback, aiming to introduce a fiat on-ramp for local currency purchases by 2026. This move follows Coinbase's strategic investment in CoinDCX and a recent MOU with Karnataka state to boost the blockchain ecosystem. Despite strict taxes, global exchanges are returning to India due to its massive grassroots adoption and strong digital asset activity.
(Source：BeInCrypto)