Coinbase To Re-Enter Indian Market As COIN Battles Downtrend
Coinbase Inc. (NASDAQ:COIN) has opened its app for registrations in India as it resumes expansion in the country even as COIN struggles to hold a technical support level.
Coinbase Reopens Access In India And Plans Fiat On-Ramp
After more than two years of restrictions, Coinbase has begun onboarding Indian users again, allowing access to cryptocurrency trading pairs while it works to restore full functionality.
Speaking at India Blockchain Week, regional head John O’Loghlen said the company aims to launch a fiat on-ramp in 2026 to enable users to load funds and purchase cryptocurrency directly.
Coinbase originally entered India in 2022 but paused services after the National Payments Corporation of India did not recognize the company’s integration with the Unified Payments Interface network.
The firm eventually exited the market, asking users to close accounts and withdraw assets.
O’Loghlen said the company “burned the boats” by off-boarding users in 2023 to reset the regulatory relationship, …
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