Coinbase Re-Enters Indian Market with Regulatory Approval

Coinbase, one of the world’s largest cryptocurrency exchanges, has received regulatory approval from India’s Financial Intelligence Unit (FIU), marking its return to the Indian market. This approval allows the exchange to legally operate in the country after its 2022 withdrawal due to regulatory challenges.

A Strategic Comeback

Coinbase’s re-entry is set to be gradual, with the platform initially focusing on retail trading services, expected to launch later in 2025. The company’s approach reflects a careful strategy to navigate India’s evolving cryptocurrency regulations while tapping into one of the largest digital asset markets in the world.

Impact on India’s Crypto Ecosystem

India has seen increasing adoption of digital assets, despite past regulatory uncertainty. Coinbase’s return is seen as a positive sign for the country’s crypto landscape, potentially encouraging greater institutional participation and strengthening the overall market.

The FIU’s approval also signals India’s willingness to integrate global exchanges under its regulatory framework, which could pave the way for other international platforms to follow suit.

As Coinbase prepares for its phased rollout, all eyes will be on how its return influences India’s cryptocurrency adoption and regulatory developments in the coming years.

Community Reaction

Coinbase gets the green light from India’s FIU, marking a huge step for crypto in one of the world’s largest markets. But reactions are mixed:

• @ZanRogan is hyped: “That is great news, India’s a huge market!”
• @MonkeyPupp isn’t thrilled about the 30% tax: “Good news but 30% tax on profit for Indian investors that’s ridiculous “
• @trenchbbyyy? Well, let’s just say they’re not feeling bullish: “We are never going back over 100k now.”

Is this a massive win for crypto adoption, or does India’s tax policy put a cap on the hype? What’s your take?