Coinbase plans to re-enter India market
13 Feb 2025, 11:27 PMThe US-based crypto trading platform is reportedly engaging with various Indian authorities such as the Financial Intelligence Unit (FIU).
Team Head&Tale
Share the story on
Global cryptocurrency exchange Coinbase is planning to re-enter the Indian market. In 2022, the company ceased its operations in the country.
The US-based crypto trading platform is engaging with various Indian authorities such as the Financial Intelligence Unit (FIU), TechCrunch reported.
“Coinbase is excited by the opportunities in the Indian market and intends to comply with applicable regulatory requirements,” a spokesperson for the company told the online publication.
The exchange had initially launched its operations in April 2022. However, the same year, Coinbase had to roll back its operations.
The development comes as Paul Grewal, chief legal officer at Coinbase, joined the board of directors of US-India Business Council this week.
“I’m honoured to join the USIBC Board to help strengthen the bridge between India and the US in shaping the future of finance,” a statement shared by USIBC quoted him as saying.
“India has one of the largest and fastest-growing Web3 ecosystems in the world, with a booming developer community, pioneering startups, and bold institutional adoptions. Since 2018, its share of global Web3 developers has quadrupled to 12%, the highest growth among emerging markets,” he said.
The move follows another global cryptocurrency exchange Binance resuming operations in India last August after registering with FIU following a seven-month regulatory halt.
The development comes as India reviews its cryptocurrency stance. Economic affairs secretary Ajay Seth told Reuters this month that the Centre is re-examining its position on digital assets amid global policy shifts, marking a change from January 2024 when former RBI governor Shaktikanta Das had warned of risks from cryptocurrencies.
Domestic players too have begun venturing in the space, with Reliance Industries launching ‘JioCoin’ last month.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
Related News
