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Coinbase, the largest US-based cryptocurrency exchange, has resumed user registration in India after a two-year hiatus.
This return is followed by continued engagement with Indian regulatory bodies. Despite heavy taxes and regulatory friction, India continues to show rapid growth in the adoption of digital assets.
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Coinbase is once again opening its doors to Indian users
Coinbase was launched at India in April 2022targeting a rapidly growing cryptocurrency user base. But regulatory hurdles quickly emerged.
The platform Support suspended Unified Payments Interface (UPI) shortly after the National Payments Corporation of India (NPCI) moved away from the platform. In September 2023, Coinbase stopped It stopped accepting new registrations from India and asked existing users to withdraw their balances.
Despite this setback, the company continued to work to re-establish its presence in India. In February, BeInCrypto said that The exchange has started actively working with Indian regulatory bodies to comply with local compliance requirements.
According to TechCrunch, Coinbase started letting Indian users back on the platform in October through an early access program. Registration for the app has been widely opened, although Indian customers are still limited to cryptocurrency-to-crypto trades.
During India Blockchain Week, Coinbase’s APAC director, John O’Loughlin, said that the company was preparing to introduce an entry point for fiat currencies in 2026, which would allow users. Adding the local currency andBuy cryptocurrencies directly.
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O’Loughlin said what you do “We have millions of customers in India historically, and we took a clear position to completely move those customers out of offshore entities, where they were domiciled and regulated. Because we wanted to burn the boats, we started with a clean slate here. As a business person who wants to make money and active users, this is the worst thing you can do, and so you know that I was not hesitated.”
Coinbase’s return is broader than access to the platform. In October 2025, it was announced Strategic investment in Coinie DCXone of the largest cryptocurrency exchanges in India, serving over 20.4 million users.â€
Last week, it signed a memorandum of understanding with the Karnataka government to strengthen the blockchain ecosystem and technology capabilities in the state. The collaboration focuses on developer training, early-stage startup incubation, and public awareness initiatives.
Why exchanges are racing to return to the cryptocurrency market in India
Apart from Coinbase, several other major global exchanges have returned to the Indian market. Bybit resumed operations after completing local registration requirements He paid a fine of $1 million. Binance also returned to India last year after that Pay a fine of $2.2 million.
This renewed push for jobs in India calls for attention given its strict tax regime. Cryptocurrency earnings are taxed at 30%, and each trade carries a 1% tax deduction at source (TDS). However, India leads the Asia-Pacific region In digital activity.
Chainalysis highlighted that the largest, at $338 billion, India combines basic adoption with structural gaps in financing: there is a large diaspora with remittance needs, young people are using cryptocurrency trading as an additional source of income, and financial vehicles such as UPI and eRupi are accelerating their use.
Although the regulatory environment in India remains challenging, the renewed interest from Coinbase, Binance, Bybit and others highlights the long-term potential of the market. With strong grassroots adoption and continued government commitment, India is positioned as a central bridge for digital asset innovation in the Asia-Pacific region.
