After more than two years away, Coinbase is back in India.
The crypto exchange has reopened its app for registration, allowing users to trade one crypto for another. Speaking at India Blockchain Week, Coinbase’s APAC director John O’Loghlen said the company is preparing a major next step.
In 2026, Coinbase plans to introduce a fiat on ramp so people in India can load money into the app and buy digital assets directly.
A Reset Built on Compliance and Clear Rules
Coinbase’s journey in India has been anything but easy. The company launched in 2022, only to pause support for the widely used UPI payment system within days. The National Payments Corporation of India, which oversees UPI, did not acknowledge Coinbase’s presence, creating uncertainty that forced the exchange to step back. By 2023, Coinbase made the tough choice to fully close accounts for Indian users and shut down services in the country. O’Loghlen said the company wanted a clean slate rather than operate through overseas entities without full transparency.
To rebuild that trust, Coinbase began working closely with the Financial Intelligence Unit. The FIU monitors financial transactions and fraud, and its registration process is known for being strict. Coinbase completed that process this year. The company quietly opened early access onboarding in October and has now opened the app to all users.
The move aligns with a broader trend. Global crypto companies are increasingly choosing stronger compliance frameworks to secure long term access to large markets. According to a 2024 report from the World Bank, financial apps with clear regulatory approval often grow adoption twice as fast as those without it. Coinbase is betting that a transparent, rule compliant structure will help it reestablish trust in India.
More About Coinbase
Coinbase emphasized its commitment to economic freedom and accessible finance by partnering with the National Crypto Association and Operation Hope to provide crypto education to underserved communities. The company highlighted that everyone should have access to financial tools that are easy to understand and safe to use.
Coinbase believes that clear guidance and education are key to unlocking opportunities in digital finance, helping people make informed decisions and participate confidently in the growing crypto ecosystem.
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