Coinbase Nears Full Comeback in India with FIU Registration

Coinbase (COIN) is on the verge of fully re-entering the Indian market after securing registration with the Financial Intelligence Unit (FIU), marking a significant step toward resuming its crypto trading services. The Nasdaq-listed exchange, which previously faced regulatory hurdles in India, is now gearing up to expand its footprint in the country.

Coinbase initially launched in India in 2022 but halted operations due to "informal pressure" from the Reserve Bank of India. In 2023, it restricted new user registrations, offering only wallet services. Now, with FIU approval, Coinbase is preparing to relaunch retail trading services and introduce new products, signaling a strategic push into one of the world’s fastest-growing crypto markets.

TechCrunch recently reported that Coinbase was in discussions with regulators, including the FIU, to facilitate its return. With this approval, the exchange is set to reestablish its presence while ensuring compliance with local laws.

John O'Loghlen, Coinbase’s APAC regional managing director, emphasized India’s potential, stating, “India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full compliance with local regulations.”

As Coinbase prepares for a full-scale comeback, its expansion could impact India’s growing crypto ecosystem, offering users more trading options and strengthening global crypto adoption.