Overview
- Coinbase has reopened its app for user registration in India after more than two years, enabling crypto-to-crypto trading only.
- APAC director John O’Loghlen said the exchange plans to introduce a fiat on-ramp in 2026 to let users fund accounts in local currency.
- The company says it completed registration with India’s Financial Intelligence Unit this year and moved from October early access to a full opening.
- Coinbase Ventures increased its investment in CoinDCX at a $2.45 billion post-money valuation, and the company aims to expand its 500-plus India workforce.
- India’s 30% tax on crypto gains and 1% transaction levy weigh on activity, and competition is expected to intensify with Binance reinstated in the market.