Overview
- User registrations are open again for Indian customers following an October early-access program, according to APAC director John O’Loghlen.
- Trading is limited to crypto-to-crypto pairs for now, with no INR deposits or withdrawals until a planned fiat gateway in 2026.
- Coinbase registered with India’s Financial Intelligence Unit earlier this year, providing the compliance base for its re-entry.
- The relaunch follows a 2022 UPI dispute with NPCI and a full offboarding of millions of Indian users in 2023 as part of a clean-slate reset.
- Coinbase increased its investment in CoinDCX at a $2.45 billion valuation and is expanding a 500-plus India team as a 30% tax on gains and 1% TDS continue to suppress local trading volumes.