Coinbase has officially relaunched its operations in India after a two-year hiatus, marking a significant move in the country’s burgeoning crypto landscape. The US-based exchange announced its registration with India’s Financial Intelligence Unit (FIU) on March 11th, a critical requirement for crypto firms operating within India.
Coinbase emphasized India’s prominence as a global technology hub and its pivotal role in driving the expansion of Web3 technologies. This registration allows Coinbase to legally provide crypto trading services to India’s massive population.
While details remain limited, Coinbase plans to broaden its service offerings in the coming months, solidifying its commitment to the Indian market and capitalizing on the nation’s increasing interest in digital assets. The resumption signals a positive step for the crypto industry in India, offering more options for investors and developers.
