Coinbase has officially registered with India’s Financial Intelligence Unit (FIU), allowing the global cryptocurrency exchange to offer crypto trading services in the country. This milestone is a key part of Coinbase’s international expansion strategy and reflects its commitment to compliance and responsible innovation.
The company plans to launch its initial retail services later this year, followed by additional investment and product offerings in India.
“We’re committed to building in markets that believe in the potential of crypto and onchain innovation,” said John O’Loghlen, Regional Managing Director for APAC at Coinbase. “India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full compliance with local regulations.”
Why India?
India’s rapid emergence as a global technology hub and its thriving startup ecosystem make it a strategic focus for Coinbase. The country’s share of global onchain developers has surged from 3% in 2018 to 12% in 2023, making it the leading emerging market for onchain talent.
“India’s developer community and entrepreneurial energy are unmatched,” O’Loghlen added. “Too often, young Indian entrepreneurs have felt forced to look abroad to build global companies. Crypto can change that. By expanding access to our trusted platform and tools such as Base, we aim to empower a new generation of builders to stay home, innovate locally, and scale globally.”
Coinbase emphasizes that crypto is more than just financial infrastructure—it represents a transformative force for social and economic policy. By fostering local innovation, the company aims to support Indian entrepreneurs in developing world-leading products from India for global markets.
Strengthening U.S.-India Ties
Further reinforcing its commitment to the region, Paul Grewal, Coinbase’s Chief Legal Officer, was recently appointed to the Board of the U.S.-India Business Council (USIBC). The USIBC plays a crucial role in strengthening commercial relationships between the United States and India. Coinbase intends to be an active participant in advancing this dialogue.
Commitment to Compliance and Responsible Innovation
Coinbase remains dedicated to working collaboratively with regulators worldwide. The FIU registration in India is a critical step in the company’s international growth, ensuring that its services align with local regulations while prioritizing customer protection and responsible innovation.
“The FIU registration in India underscores our commitment to bringing the benefits of crypto to users around the world in a safe and compliant manner,” the company stated.
With this regulatory milestone achieved, Coinbase looks forward to expanding its presence in India and supporting the country’s growing role as a global leader in onchain innovation.
