Coinbase Receives Greenlight to Offer Crypto Trading in India – BitRss

Coinbase has secured approval to offer digital assets trading in India, bringing it a step closer to re-entering one of the world’s largest crypto markets. 

The exchange is aiming to launch crypto trading services in India later this year, a company representative said Tuesday in a statement. Coinbase first planted roots in India in 2022, but it withdrew from the market a year later due to regulatory hurdles. 

“India’s developer community and entrepreneurial energy are unmatched,” Coinbase Regional Managing Director for APAC John O’Loghlen said in the statement. 

Coinbase’s latest attempt to compete in the Indian market comes as local regulators and policymakers re-evaluate more restrictive attitudes toward digital assets amid a broader pro-crypto shift in the U.S. and other corners of the world. 

India boasts the world’s highest rate of grassroots crypto adoption, with a strong decentralized finance scene, according to a 2024 Chainalysis report‌. But until now, the country’s tight crypto regulations have kept many large industry players on the sidelines of its booming market.

With local decision makers’ stances on digital assets …