The market for cryptocurrency trading in India is growing rapidly, which wants to strengthen its grip in the Indian market. In such a situation, a big news has come out that the Global Cripto Exchange Coinbase will resume its crypto trading services in India by the end of Coinbase 2025. Earlier, Coinbase launched its services in India in 2022, but had to stop his operations due to regulatory issues. Now the company is coming back with a new approach and strategy, and its objective is to benefit from India’s Crypto Market Development.
Crypto’s increasing attraction in India
Due to its youth and tech-service population, the global tech is leading in sector. Bharat Biggest World Web3 Developer Hub With moving towards becoming, now it is also becoming an emerging hub for cryptocurrency and blockchain technology. The government’s policy on crypto trading in India has been unclear so far, but still the attraction of people towards cryptocurrency has increased. At this time, the presence of companies like Binance and Kucoin has already been established in India, and now the re -entry of Coinbase will be an important step in the Indian market.
The Regional Managing Director of the Coinbase, John O’Loghlen believes that there are more opportunities in the Crypto Market in India. He says that crypto is developing rapidly in India and there is also a dens network of talent. With India’s Crypto Development and Onchain Development Hub, Coinbase is expected to benefit from the trend of growing cryptocurrency adoption here.
Coinbase’s previous failure and return plan
Coinbase launched its services in India in April 2022, but due to regulatory pressure, it had to stop his plans in half the way. At that time, the Government of India had decided to impose more tax on Crypto and it was difficult to get the required consent from banks for the transaction of crypto. In particular, Coinbase’s UPI payment option was discontinued, as the Reserve Bank of India (RBI) pressured it to shut down.
Coinbase informed Indian users in September 2023 that they were shutting down their operation and gave all Indian customers the time to withdraw their money by 31 October. But now, by the end of 2025, the company is again ready to serve in India. The Coinbase has announced that in the first phase it will launch retail services and then increase its products and services.
Significantly, after winning the legal battle from SEC, Coinbase is currently accelerating its operation. Where recently news came out that Coinbase 24/7 BTC, Eth Futures will launchWhich shows the constant updated services of the platform.
Conclusion
Coinbase’s return can be considered a positive step in the Indian crypto market. Its main objective is to benefit from the development of crypto and blockchain technology in India. However, given the previous experiences, it will have to gain confidence from Indian regulators and crypto-lovers. This time the company hopes that it will be able to start its services in India stable. Given the increasing opportunities for crypto trading in the Indian market, Coinbase’s return is a strong indication that the Indian Crypto industry is now ready to develop even more.
