Major Crypto Platform Returns to India After 2-Year Exit

Source: Coinomedia Original Title: Coinbase Returns to India After 2-Year Exit Original Link: https://coinomedia.com/coinbase-india-return/

Crypto Platform Reopens Trading in India

Key Highlights:

• User sign-ups are now live again
• Return follows 2-year exit from Indian market
• Platform prioritizes regulatory alignment

A major crypto exchange has officially resumed operations in India, two years after halting its services in the country. The platform is now allowing users to sign up again and trade cryptocurrencies, marking a significant step in its global expansion and commitment to the Indian market.

The return comes after regulatory challenges forced the platform to pause its operations in April 2022. At the time, Indian regulators raised concerns over compliance and local payment systems, leading the exchange to temporarily exit. Now, the platform is back with a renewed focus and strategy to work within India’s evolving crypto environment.

Why the Platform Left — And Why It’s Back

The platform initially launched in India in 2022 with great expectations, but soon faced hurdles due to the Reserve Bank of India’s (RBI) informal pressure on payment gateways and regulatory uncertainties. These issues made it difficult for users to fund their accounts, which eventually led to the suspension of services.

Two years later, the platform has revamped its approach. The platform is now prioritizing regulatory alignment and clearer communication with Indian authorities. The re-entry suggests the platform sees long-term potential in India’s vast crypto user base, despite the country’s cautious stance on digital assets.

What This Means for Indian Crypto Users

Indian users can now create new accounts, trade cryptocurrencies, and access the platform’s global trading capabilities. While local fiat on-ramps may still face limitations, the reopening signals growing confidence in the Indian market. It also reflects the platform’s strategy to tap into emerging markets with strong crypto interest.

As crypto adoption grows globally, this return to India highlights the resilience of major players willing to re-engage with challenging but promising regions.