Coinbase, the leading cryptocurrency exchange, has officially announced relaunching its services in India with an early access program. This marks its return after a three-year hiatus since 2022.
The announcement, shared via email to its users, was posted on X by various crypto influencers within the country, including Kashif Raza and Spana Singh. It highlighted Coinbase’s registration with India’s Financial Intelligence Unit (FIU) in March 2025, aligning with the country’s stringent anti-money laundering regulations.
This move comes as India solidifies its position as a global crypto hub, with over 100 million users and a transaction volume soaring to $2.36 trillion in the Asia-Pacific (APAC) region in 2025, per Chainalysis.
India’s crackdown on unregistered exchanges
The re-entry coincides with a government crackdown on 25 unregistered exchanges, freezing $9 billion in assets, signaling a push for compliance.
Indian traders have greeted the news with enthusiasm, eager for access to Coinbase’s trusted platform and tools like Base. Yet, concerns linger, with users on X flagging issues like unresolved suspended accounts from Coinbase’s prior exit and potential high fees in a volatile regulatory landscape.
As the platform aims to empower local innovation, its success will hinge on addressing these challenges while navigating India’s evolving crypto policies.
Also read: Binance Founder Meets Kazakhstan President, Highlights Crypto Moves
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