In a significant move towards expanding its global footprint, US-based cryptocurrency exchange Coinbase has officially registered with India’s Financial Intelligence Unit (FIU), paving the way for its entry into the country’s crypto market. The company announced the development on March 11 via a post on social media platform X (formerly Twitter), confirming its approval to operate in India.
According to an official Coinbase blog, this step aligns with the company’s vision of strengthening its presence in key international markets. The exchange also revealed plans to introduce its retail crypto services in India by late 2025.
Expressing enthusiasm about the expansion, John O’Loghlen, Regional Managing Director for APAC at Coinbase, highlighted India’s potential as a leading technology and startup hub.
“India represents one of the most exciting market opportunities today, and we’re proud to deepen our investment here in full compliance with local regulations,” O’Loghlen stated.
Coinbase sees India as a natural fit for its expansion strategy, given its strong startup ecosystem and growing influence in the global technology landscape. The exchange aims to foster local talent, encouraging innovators to build and scale Web3 solutions globally while staying in India.
Registering with FIU India is a crucial step for Coinbase, ensuring compliance with local regulations aimed at preventing financial crimes and money laundering. The exchange reaffirmed its commitment to offering crypto services in a secure, transparent, and regulatory-compliant manner.
“The FIU registration in India is an important milestone in our international expansion strategy. We are committed to bringing the benefits of crypto to users worldwide in a safe and compliant way,” Coinbase stated in its blog.
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Beyond expanding its user base, Coinbase intends to invest in India’s crypto infrastructure and empower the country’s brightest minds to develop cutting-edge blockchain solutions. By providing incentives and resources to local talent, the exchange aims to contribute to India’s growing reputation as a Web3 innovation hub.
With regulatory approval secured, Coinbase is now gearing up to launch its services in India by 2025, marking a new chapter in the country’s evolving crypto landscape.
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