Coinbase Reopens Registrations in India, Targets 2026 Fiat On-Ramp Launch
Coinbase has resumed registrations for Indian users after a pause of more than two years, allowing sign-ups and crypto-to-crypto trading within the country. This follows Coinbase's exit from the Indian market in 2023 and subsequent regulatory engagements, including securing registration from India's Financial Intelligence Unit earlier in 2025. Onboarding resumed in October 2025 under an early-access program and expanded in December 2025.
Coinbase plans to introduce a fiat on-ramp by 2026, enabling users to deposit rupees directly for cryptocurrency purchases. This move is part of a broader strategy that includes an increased investment in CoinDCX in October 2025, valuing the local crypto firm at $2.45 billion. The partnership with CoinDCX is viewed as a viable means to access the Indian market while avoiding the complexities of independently rebuilding payments connectivity.
Despite ongoing policy uncertainties and India’s stringent measures—including a 30% tax on digital asset income and a 1% tax deducted at source on each trade, which has generated approximately $818 million in government revenue since 2022-23—Coinbase remains optimistic about long-term growth prospects. The company’s India workforce has grown to more than 500 employees, and the region is seen as a strategic bridge to South Asia and the Middle East.
