Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze Coinbase halted services entirely in 2023, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure. By Shaurya Malwa Updated Dec 8, 2025, 6:10 a.m. Published Dec 8, 2025, 6:10 a.m. What to know : Coinbase has resumed onboarding users in India, marking its return to the market after a two-year hiatus due to regulatory issues. The exchange is currently allowing crypto-to-crypto trading and plans to reintroduce fiat on-ramps next year. Despite regulatory challenges, Coinbase is investing in India, including increasing its stake in local exchange CoinDCX. Coinbase has resumed onboarding users in India after more than two years, marking its first step back into a market it abruptly exited in 2023 following regulatory friction over payment rails. The exchange is again allowing new registrations and crypto-to-crypto trading, with plans to reintroduce a fiat on-ramp next year, APAC director John O’Loghlen said at last week’s India Blockchain Week. STORY CONTINUES BELOW Non perderti un'altra storia. Iscriviti alla Newsletter Crypto Daybook Americas oggi . Vedi tutte le newsletter Iscrivimi Iscrivendoti, riceverai email sui prodotti CoinDesk e accetti i nostri termini di uso e politica sulla privacy . The move follows a prolonged standoff triggered in 2022, when Coinbase launched in India with support for the country’s Unified Payments Interface (UPI) but withdrew the feature within days after the network operator publicly declined to acknowledge the exchange. Coinbase later halted services entirely, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure. O’Loghlen said the firm opted for a “clean slate” approach and began engaging directly with the Financial Intelligence Unit, the agency responsible for monitoring digital-asset transactions. Coinbase completed FIU registration earlier this year and began admitting users through an early-access program in October. The app is now open broadly, though trading remains limited to crypto pairs until fiat rails return. India remains one of the toughest major markets for exchanges to operate in due to a 30% flat tax on crypto gains, a prohibition on loss offsets and a 1% transaction levy that suppresses trading volumes. Despite regulatory uncertainty, Coinbase continues to invest in the country. Its venture arm recently increased its stake in local exchange CoinDCX at a $2.45 billion valuation, and the company plans to expand its 500-plus India workforce across both domestic and global product lines. Di più per voi Protocol Research: GoPlus Security Di CoinDesk Research 14 nov 2025 Commissioned by GoPlus Cosa sapere : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. 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