Coinbase has resumed its operations in India🇮🇳. 🚀 pic.twitter.com/n6TLqfJdJk
— Kashif Raza (@simplykashif) October 2, 2025
This move comes as India solidifies its position as a global crypto hub, with over 100 million users and a transaction volume soaring to $2.36 trillion in the Asia‑Pacific (APAC) region in 2025, per Chainalysis.
India’s crackdown on unregistered exchanges
The re-entry coincides with a government crackdown on 25 unregistered exchanges, freezing $9 billion in assets, signaling a push for compliance.
🚨🇮🇳 India cracks down on offshore crypto exchanges!
— The Crypto Times (@CryptoTimes_io) October 3, 2025
The FIU-IND has issued notices to 25 platforms, including CoinEx, BingX, and PrimeXBT, for PMLA non‑compliance.
AML compliance is now mandatory for operating in India. 👀 pic.twitter.com/92k6lR8Vlq
Indian traders have greeted the news with enthusiasm, eager for access to Coinbase’s trusted platform and tools like Base. Yet, concerns linger, with users on X flagging issues like unresolved suspended accounts from Coinbase’s prior exit and potential high fees in a volatile regulatory landscape.
As the platform aims to empower local innovation, its success will hinge on addressing these challenges while navigating India’s evolving crypto policies.