Coinbase Makes a Comeback in India
After a two-year hiatus, Coinbase, the globally renowned cryptocurrency exchange, has returned to the Indian market. This move comes as a significant development for crypto enthusiasts in a nation that continues to lead global crypto adoption. Initially opening a limited-access program in October, the platform is now fully operational for users across the country, as confirmed by the company’s APAC director, John O’Loghlen.
Current Features and Future Plans
At present, Coinbase allows crypto-to-crypto trading but does not support deposits or withdrawals in Indian rupees (INR). However, by 2026, the exchange plans to integrate fiat currency support, making it easier for users to convert INR directly into cryptocurrency. This INR-to-crypto fiat ramp could simplify trading for local users, fostering greater participation in the crypto ecosystem.
To ensure compliance with Indian regulatory frameworks, Coinbase sought registration with the Financial Intelligence Unit (FIU), which oversees anti-money laundering requirements. This registration, achieved in early 2024, marks a stepping stone for increased trust and transparency in operations.
Overcoming Challenges in the Indian Crypto Market
The Indian crypto market offers immense potential but also significant regulatory challenges. With a flat 30% tax on crypto gains and a 1% transaction levy on trades, profitability often becomes a concern for traders. Despite these hurdles, Coinbase demonstrates resilience and commitment to the market by increasing its investment in local exchanges like CoinDCX, among others.
The company maintains a robust 500-member team in India, dedicated to supporting both local product initiatives and global operations, making the country a vital hub for Coinbase’s future strategy.
Market Competition Intensifies
Coinbase’s return to India comes at a time when other exchanges are restoring their presence as well. Binance, for instance, resumed operations in 2024 after resolving regulatory issues, while Bybit also made a comeback in September 2025. This heat of competition is indicative of the region’s importance as a global leader in crypto adoption, with India topping TRM Labs’ global rankings for three consecutive years.
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Conclusion
Coinbase’s reentry into the Indian market signals a pivotal moment for cryptocurrency trading in the country. While regulatory challenges persist, the firm’s clean slate strategy and collaborative approach with regulatory bodies may set a new benchmark for other exchanges. With INR fiat integration on the horizon, India’s crypto market could see a new wave of adoption, cementing its reputation as a global leader in the digital finance space.
