Main US cryptocurrency trade Coinbase is returning to India after a two-year absence from the market.
Coinbase has resumed app registrations in India because it prepares to roll out native fiat on-ramps in 2026, Coinbase APAC director John O’Loghlen introduced at India Blockchain Week (IBW), according to a Sunday report by TechCrunch.
Coinbase’s return to India comes greater than two years after it ceased local services in September 2023, following a troubled debut of its local exchange launched in 2022.
“We had thousands and thousands of consumers in India, traditionally, and we took a really clear stance to off-board these clients fully from abroad entities, the place they had been domiciled and controlled. As a result of we needed to type of burn the boats, have a clear slate right here,” O’Loghlen mentioned.
Crypto-to-crypto trades obtainable instantly
As Coinbase resumes buyer onboarding in India, customers can instantly execute crypto-to-crypto trades, in line with the report by TechCrunch.
The trade initially started onboarding customers via an early-access program in October, across the time it hired Karan Malik as its India advertising lead.
Malik had beforehand overseen advertising for final 12 months’s IBW occasion, the place Coinbase served as a platinum sponsor this 12 months.
“Final 12 months, I used to be main the cost and constructing the advertising and model playbook for IBW. This 12 months, I’m bringing Coinbase to the get together,” the exec mentioned.
Coinbase ramps up push in India
Coinbase has been actively working to rebuild its relationship with the Indian authorities. In early December, Coinbase’s worldwide coverage adviser Katie Mitch represented the trade earlier than India’s Parliamentary Standing Committee on Finance.
“We’re optimistic on the potential for forward-looking VDA regulation in India,” she said in an X submit final Thursday.
In one other growth final week, Priyank Kharge, IT minister for Karnataka, signed a memorandum of understanding with Coinbase India to deepen the state’s management in blockchain innovation and cybersecurity.
By means of the collaboration, the Karnataka authorities will collaborate with the trade on startup incubation on Coinbase-backed Base protocol and velocity up real-world purposes of blockchain know-how, the minister mentioned.
Associated: Coinbase invests in Indian crypto exchange CoinDCX at $2.45B valuation
As beforehand talked about, Coinbase secured a license with India’s Monetary Intelligence Unit in March 2025, positioning the trade for a possible launch within the nation. In August, Coinbase chief authorized officer Paul Grewal also met with Karnataka’s IT minister Kharge to discover collaboration on developer instruments, cybersecurity and blockchain in governance.
Cointelegraph approached Coinbase for remark relating to its relaunch in India, however had not obtained a response by the point of publication.
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