Coinbase Resumes Operations in India, Sparking Excitement in the Crypto Market – BitRss

Global cryptocurrency exchange Coinbase is reviving its operations in India after a hiatus in early 2023. The company has registered with India’s Financial Intelligence Unit (FIU) to comply with local regulations. It plans to launch retail trading services by 2025, targeting competition with rivals such as Binance and KuCoin. The investment by Ark Invest, led by Cathie Wood, further fuels activity in the sector.

Coinbase’s Strategy and Regulatory Compliance in India

Coinbase has completed official steps to re-enter the Indian market. By finalizing its registration with the FIU and adhering to anti-money laundering regulations, the company secured operational approval. This registration is a mandatory requirement for all cryptocurrency platforms operating in India. Coinbase aims to offer retail trading features in compliance with local regulations by 2025.

With India’s young population and advancements in digital infrastructure, the cryptocurrency market holds significant potential. John O’Loghlen, Coinbase’s Director …