EddieJayonCrypto

 11 Mar 25

tl;dr

Coinbase, a major US-based crypto exchange, has received approval from India's Financial Intelligence Unit (FIU) to resume operations in the country after halting activities in early 2023 due to regulatory issues. The approval allows Coinbase to offer crypto trading services in India, one of the wor...

Coinbase, a major US-based crypto exchange, has received approval from India's Financial Intelligence Unit (FIU) to resume operations in the country after halting activities in early 2023 due to regulatory issues. This approval allows Coinbase to offer crypto trading services in India, which is one of the world's fastest-growing digital asset markets.

According to a Coinbase press release, the exchange plans to introduce retail trading services in India later this year, followed by additional investment products tailored for Indian customers. Coinbase's Regional Managing Director for Asia-Pacific, John O’Loghlen, highlighted the potential for crypto to support Indian entrepreneurs and innovators, enabling them to build global companies from within India.

Coinbase views India as a natural fit for its international expansion, given the country's status as a global technology powerhouse and vibrant startup ecosystem. This approval aligns with similar authorizations granted to other global exchanges like Binance and KuCoin.

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 12 Mar 25
 12 Mar 25
 12 Mar 25