Coinbase plans to re-enter the Indian market after a hiatus of over a year, engaging with regulators like the Financial Intelligence Unit (FIU) to obtain regulatory approvals.
India is reviewing its cryptocurrency policies, considering global trends, and Coinbase aims to capitalize on the country’s expanding digital ecosystem.
Coinbase's potential comeback follows Binance's successful return to India, setting a precedent for Coinbase's re-establishment in the market.
Coinbase's renewed focus on India is part of its broader international expansion strategy, aligning with its goal of tapping into India's growing Web3 ecosystem.