Coinbase has reopened user registration in India

BlockBeats News, December 8th, according to TechCrunch report, after more than two years of service suspension, the cryptocurrency exchange platform Coinbase has reopened app registrations in India. Currently, users can only trade between cryptocurrencies. However, Coinbase's Head of Asia-Pacific, John O'Loghlen, stated at India Blockchain Week (IBW) that the company plans to allow Indian users to deposit fiat currency to purchase cryptocurrencies by 2026.

Coinbase had launched services in India in 2022 but was forced to stop supporting the Unified Payments Interface (UPI) network just a few days later. This action was a result of the UPI operator, the National Payments Corporation of India (NPCI), refusing to acknowledge Coinbase's business presence in the country. Subsequently, in 2023, Coinbase stopped providing all services to Indian users and requested users to withdraw their funds.