Coinbase has resumed user signups in India following a two-year suspension of operations in the country, marking a significant re-entry into one of the world's largest potential cryptocurrency markets. The cryptocurrency exchange had halted services entirely in 2023, offboarding millions of Indian users and closing local access while reassessing its regulatory exposure in India's evolving digital asset landscape. The company is now implementing a staggered relaunch approach and actively hiring for various positions to support its renewed presence in the Indian market. According to company announcements, Coinbase is targeting the implementation of fiat on-ramp services by 2026, which would enable Indian users to directly purchase cryptocurrencies using local currency. This development occurs amid increasing regulatory clarity in India regarding digital assets, though the country's tax policies on crypto transactions remain relatively stringent. Industry experts view Coinbase's return as a strong vote of confidence in India's potential as a major cryptocurrency market, given its large tech-savvy population and growing interest in digital assets. The exchange's re-entry could potentially accelerate mainstream adoption of cryptocurrencies in India.

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