Previously forced to exit India in 2022 due to regulatory pressures, Coinbase’s comeback highlights the country's rising stature as a global on-chain development hub. “India represents one of the most exciting market opportunities in the world today,” stated John O’Loghlen, Coinbase Asia Pacific director. With regulatory bodies like the FIU now in favor of well-compliant exchanges, competition is set to intensify among platforms such as Binance, KuCoin, and CoinDCX.
India’s vibrant youth demographic, coupled with its record-high crypto adoption rate—recently confirmed by Chainalysis—positions the nation as a key market for digital assets. The renewed presence of Coinbase is expected to spur further investments, drive innovation, and enhance the ecosystem’s overall growth.
By re-entering the Indian market, Coinbase not only strengthens its global footprint in Asia but also sets a positive precedent for crypto legalization and consumer protection. With the FIU’s backing, Coinbase can now focus on delivering quality service and customer satisfaction, ultimately contributing to a more robust and transparent digital asset environment in one of the world’s most dynamic markets.