Coinbase has officially resumed user registrations in India. The exchange paused operations more than two years ago.
Author: Sahil Thakur
8th December 2025 – Coinbase has officially resumed user registrations in India. The exchange paused operations more than two years ago due to regulatory friction. Now, Indian users can once again trade crypto-to-crypto on the Coinbase app.
The announcement came during India Blockchain Week on December 8, 2025. Speaking at the event, John O’Loghlen, Coinbase’s Asia-Pacific director, confirmed the company’s broader plans. Coinbase will introduce a fiat on-ramp in 2026. This will allow users in India to deposit rupees and buy digital assets directly within the app.
Coinbase initially launched in India in 2022. However, the company faced challenges almost immediately. The National Payments Corporation of India (NPCI), which runs the UPI system, declined to support Coinbase’s payment links. As a result, withdrew support for Indian customers. By 2023, the company had fully offboarded all Indian users.
O’Loghlen explained that Coinbase wanted to reset its approach. “We took a very clear stance to off-board those customers entirely… because we wanted a clean slate here,” he said. He acknowledged the commercial risk of walking away from millions of users but said it was necessary to rebuild trust with regulators.
In 2025, Coinbase began formal engagement with the Financial Intelligence Unit (FIU). The FIU oversees compliance, fraud monitoring, and reporting in India. Coinbase secured its registration earlier this year.
In October 2025, Coinbase quietly started onboarding users under an early access program. Now, the app is available to all Indian users for crypto-to-crypto trading.
India remains a difficult market for crypto platforms. The country imposes a 30% tax on digital asset income. Users cannot offset losses. Additionally, a 1% tax deduction applies to every crypto trade. These rules make frequent trading costly and unattractive.
Despite this, Coinbase remains committed. The company has invested further in CoinDCX, India’s largest crypto exchange. The deal values CoinDCX at $2.45 billion post-money.
Coinbase has also announced plans to expand its local team, which already has over 500 employees. It views India as a key growth market and a gateway to broader South Asia and Middle East expansion.
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