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Coinbase Returns to India After 2-Year Hiatus
7 Dec, 2025
Summary
- Coinbase relaunched its app in India after a two-year break.
- A fiat on-ramp is planned for 2026, allowing direct crypto purchases.
- Strict Indian crypto taxes and regulations pose ongoing challenges.
Cryptocurrency exchange Coinbase has resumed operations in India, marking its return after a hiatus of over two years. While users can currently engage in crypto-to-crypto trades, the company announced plans to launch a fiat on-ramp in 2026, enabling users to directly purchase cryptocurrencies with local currency. This strategic move signifies Coinbase's renewed commitment to the Indian market.
Coinbase's initial foray into India in 2022 was short-lived, encountering immediate hurdles with the Unified Payments Interface (UPI) and subsequently ceasing all operations in 2023. The company has since been working closely with India's Financial Intelligence Unit (FIU) and has now successfully registered with the government agency.
Despite India's stringent cryptocurrency regulations, including a 30% tax on crypto income and a 1% transaction charge, Coinbase remains optimistic. The company aims to establish itself as a trusted exchange, focusing on user experience and security to attract India's vast online population.
