Major Crypto Exchange Returns to World’s Largest Market
In a groundbreaking development that could reshape the global crypto landscape, Coinbase has secured crucial regulatory approval to resume operations in India after a two-year hiatus. The US-based exchange’s registration with India’s Financial Intelligence Unit (FIU) marks a pivotal moment for crypto adoption in the world’s most populous nation, coinciding with Bitcoin’s recent surge past $83,000.
Strategic Expansion and Regulatory Compliance
Coinbase’s return to India represents more than just a business expansion – it signals a significant shift in the country’s stance toward digital assets. Key developments include:
- Initial retail services launch planned for late 2025
- Full compliance with FIU anti-money laundering regulations
- Integration with India’s growing developer ecosystem
- Potential market reach of over 1 billion users
Market Impact and Growth Potential
India’s emergence as a global technology powerhouse, combined with its increasing share of global developers from 3% to 12% between 2018-2023, positions the market for unprecedented growth. This expansion comes as US markets show increasing institutional adoption.
Regulatory Evolution and Market Sentiment
The Indian crypto landscape is witnessing a dramatic transformation, with several key factors driving change:
- Relaxation of previous restrictive policies
- Growing institutional interest in digital assets
- Increased regulatory clarity through FIU oversight
- Rising retail demand despite past restrictions
Future Outlook and Market Implications
As Bitcoin trades at $81,633 with a 3.1% daily gain, Coinbase’s entry into India could trigger a new wave of institutional adoption across Asia. The move may also influence other major exchanges to seek similar regulatory approvals, potentially leading to a more robust and regulated crypto ecosystem in the region.
Source: Bitcoinist