Summary
- Coinbase said it has resumed user registration in India.
- It said it is pushing to introduce a local fiat on-ramp by 2026.
- It said the reentry into the Indian market is related to improvements in the regulatory environment and movements by global exchanges.
Coinbase said it has reopened user registration in India and plans to introduce support for payments in the local fiat currency in 2026.
According to a TechCrunch report on the 7th (local time), Coinbase recently resumed new user sign-ups in India and is building rupee deposit and payment support (on-ramp) tailored to the local regulatory environment, targeting next year.
Earlier, in 2022 Coinbase entered the Indian market but suspended operations due to restrictions on the use of the Unified Payments Interface (UPI), and in 2023 effectively withdrew its business. This return coincides with a trend of global exchanges attempting to re-enter the local market amid improvements in India's regulatory environment.
Suehyeon Lee
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