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Coinbase in Talks for Return to India 2 Years After Exit: Report

The exchange would be following in the steps of Binance and Bybit if it manages to secure a license.

Von Camomile Shumba|Bearbeitet von Sheldon Reback
13. Feb. 2025, 10:57 a.m. Übersetzt von KI
Coinbase CEO Brian Armstrong (CoinDesk archives)
Coinbase CEO Brian Armstrong (CoinDesk archives)

What to know:

  • Coinbase is in talks with the Financial Intelligence Unit (FIU), Tech Crunch reported.
  • The exchange suspended operations in 2022, shortly after starting up in India. It stopped registering new users in 2023.

Crypto exchange Coinbase (COIN) is holding talks with Indian authorities in an effort to secure approval to return to the country it quit in 2023, Tech Crunch reported on Wednesday.

The exchange is in talks with regulators including the Financial Intelligence Unit (FIU), Tech Crunch said, citing two people familiar with the matter.

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"Coinbase is excited by the opportunities in the Indian market, and intends to comply with applicable regulatory requirements, but we have nothing to announce regarding a FIU [Financial Intelligence Unit] registration at this time," a spokesperson for the U.S. company told CoinDesk.

Coinbase suspended operations in India in 2022, days after starting up due to "informal pressure" from the Reserve Bank of India. In 2023, the exchange said it stopped allowing user registrations, but continued to offer its Coinbase wallet to citizens in India and added that it would "explore ways to strengthen" its presence in the nation.

The company joins other crypto exchanges in looking to establish, or reestablish a presence in the world's most populous country. Binance, the largest exchange by volume traded, registered with the FIU last year after paying a $2.2 million fine for operating without authorization. Bybit, ranked No. 2 on CoinGecko, registered after paying a $1 million fine.

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Protocol Research: GoPlus Security

GP Basic Image

Was Sie wissen sollten:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down

Senators Cynthia Lummis and Kirsten Gillibrand (Nikhilesh De/CoinDesk)

The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.

Was Sie wissen sollten:

  • Democrats shared a response to Republicans outlining their continuing priorities for a crypto market structure bill, which they said was intended to "reach an agreement and proceed towards a mark-up."
  • The document laid out concerns with financial stability, market integrity and public officials' ability to trade and profit off of crypto, echoing concerns laid out in a framework Democrats shared in September.
  • The Senate is running out of time in the Congressional calendar to hold a markup hearing — a key step toward progressing the bill — before 2025 ends.