Coinbase re-entered India after receiving approval from FIU

Coinbase has secured regulatory approval from Indian authorities, clearing the path for the resumption of crypto trading services in the country with the highest cryptocurrency adoption rate since 2022.

Coinbase is coming back to India

According to Bloomberg, the leading U.S. crypto exchange, Coinbase, as reached a significant milestone in its plan to re-enter India after receiving approval for its application from the Financial Intelligence Unit of India (FIU). This approval allows Coinbase to provide crypto trading services in India—“one of the most exciting market opportunities in the world”—states John O’Loghlen, Regional Managing Director for APAC at Coinbase. They intend to introduce their initial retail offerings later this year, with plans to expand further through additional investments and new products in the Indian market.

Two years ago, all attempts to enter the Indian market from Coinbase were interrupted by the pressure from the Reserve Bank of India (RBI). After this event, many debates were raised around the strict regulation from the Indian government, as only domestic exchanges are allowed to operate, while most major foreign exchanges, such as Binance and KuCoin, are banned. 

According to a 2024 study by Chainalysis, India has the highest cryptocurrency adoption rate globally, with millions of individual investors participating in the market. Coinbase’s return to India not only expands its presence in Asia but also paves the way for the legalization of crypto in a highly promising market.

About Coinbase

Coinbase is a leading U.S.-based cryptocurrency exchange, founded in 2012, offering a platform for buying, selling, storing, and trading digital assets like Bitcoin, Ethereum, and stablecoins like USDC. Some important features of this exchange are user-friendly interfaces, high liquidity, and regulatory compliance, making it popular with retail and institutional investors. Coinbase operates the Base blockchain and supports advanced trading features via Coinbase Pro. Coinbase is expanding into DeFi, payments, and stablecoin adoption, positioning itself as a bridge between traditional finance and crypto, as seen in its role in the 2025 stablecoin growth narrative.