Overview
- New registrations are live nationwide after an October early-access phase, with trading limited to crypto-to-crypto pairs.
- INR deposits and withdrawals remain unavailable until a planned fiat on-ramp launches in 2026, as outlined by APAC director John O’Loghlen.
- Coinbase completed registration with India’s Financial Intelligence Unit earlier this year, describing its return as a clean‑slate approach after off-boarding millions of users in 2023.
- The company deepened its local footprint by increasing its investment in CoinDCX at a $2.45 billion valuation and plans to expand its 500-plus India workforce.
- Operations continue under India’s strict rules, including a 30% tax on crypto gains and a 1% tax deducted at source, as competitors such as Binance and Bybit also re-enter the market.