Coinbase has reopened user registrations in India, allowing crypto-to-crypto trading, with plans to introduce INR cash deposits and crypto purchases by 2026, announced during India Blockchain Week.
This move signifies Coinbase's renewed focus on the Indian market, leveraging compliance with local regulations, which could reshape the region's cryptocurrency landscape.
Coinbase Global, Inc. has reopened new user registrations in India, focusing on crypto-to-crypto trading. The US-based exchange, through its APAC lead John O'Loghlen, confirmed the reopening strategy during India Blockchain Week.
John O'Loghlen, APAC Director, stated that INR deposits and cash-to-crypto purchases are targeted for 2026. This action is contingent upon registration with India’s Financial Intelligence Unit (FIU-IND), reflecting a cautious regulatory approach.
2026 Fiat On-Ramp Strategy for Indian Market
Financial implications include expanded liquidity options for Indian users, although precise dollar investments remain undisclosed. Coinbase’s planned fiat-on-ramp by 2026 aims to capture India's growing digital economy. John O’Loghlen, Managing Director APAC, Coinbase, stated, "Fiat trading will launch sometime in 2026," referring to allowing Indian users to deposit rupees and purchase cryptocurrencies directly.
Potential regulatory outcomes include alignment with India's AML framework, enhancing trust and security. Historically, similar regulatory alignment efforts have stabilized market presence, fostering long-term growth. Venture investments remain leveraged without precise local allocations.
Regulatory Compliance Paves Way for Market Growth
The 2022 UPI launch and subsequent halt due to regulatory clarification mirrors Coinbase's historic market adaptation tactics. The 2023 off-boarding and 2024 return evidences tactical shift to regulated resumption.
Kanalcoin suggests that Coinbase's phased reentry, historically adopted in other markets, augurs well for India’s crypto sector. Data from past regional launches indicate likely market share growth post-regulatory compliance.
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