Catenaa, Wednesday, December 10, 2025-Coinbase has reopened user registrations in India after a two-year pause, allowing crypto-to-crypto trading while planning a fiat-to-crypto feature for 2026.

The U.S. exchange previously withdrew from India in 2023 after abandoning rupee deposits due to Unified Payments Interface restrictions.

The firm restarted limited onboarding in October and now permits broader acces following registration with India’s Financial Intelligence Unit.

Coinbase is also deepening its presence through a strategic investment in CoinDCX, India’s largest crypto exchange, valuing the company at $2.45 billion post-money.

The move is aimed at easing regulatory hurdles and expanding operations across South Asia and the Middle East.

The Indian government imposes a 30% tax on digital-asset income and a 1% tax deducted at source on each trade. Since 2022, authorities have collected roughly $818 million from crypto activity.

Despite these challenges, Coinbase intends to grow its India workforce, currently over 500 employees, and leverage local partnerships to resume fiat deposits next year.

The planned fiat on-ramp would allow users to fund accounts with rupees and buy crypto directly, restoring functionality halted after the platform’s initial launch in 2022.

Coinbase’s return aligns with broader adoption trends in the Indian digital-asset market, as investors and regulators gradually integrate crypto into mainstream finance.