Coinbase has registered with India’s Financial Intelligence Unit (FIU), enabling us to offer crypto trading services in the country. India represents one of the world’s most dynamic markets for crypto and onchain innovation, and this milestone reinforces our commitment to compliance and responsible growth in the region.
What FIU Registration Means for Coinbase in India
Coinbase’s registration with India’s Financial Intelligence Unit (FIU) marks a significant milestone in our international expansion strategy. It enables us to offer crypto trading services in India. We plan to launch our initial retail services later this year, followed by additional investment and products in India thereafter.
“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?
At Coinbase, our mission is to increase economic freedom in the world. A critical part of fulfilling that mission is growing our presence in markets that are embracing regulation and encouraging innovation in the crypto and onchain space.
India’s emergence as a global technology powerhouse, home to one of the most vibrant startup ecosystems, makes it a natural fit for Coinbase’s international expansion. The country has rapidly grown into an onchain development hub, with its share of global developers increasing from 3% in 2018 to 12% in 2023. Among emerging markets, India now boasts the highest concentration of talent in the onchain space.
“India’s developer community and entrepreneurial energy are unmatched,” said O’Loghlen. “But 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 believes crypto is more than just financial infrastructure, it is social and economic policy. It can create the incentives that encourage India’s brightest minds to build world-leading products from India, for the world.
In addition to this regulatory milestone, Paul Grewal, Coinbase’s Chief Legal Officer, was recently appointed to the Board of the U.S.-India Business Council (USIBC), underscoring Coinbase’s commitment to fostering strong ties between the two economies. The USIBC plays a pivotal role in advancing the U.S.-India commercial relationship, and Coinbase looks forward to being an active participant in this dialogue.
Our Commitment to Compliance and Responsible Innovation
Coinbase’s approach has always been to work collaboratively with regulators around the world. As we build in India, we are committed to compliance with local regulations, protecting customers, and fostering innovation through responsible practices.
The FIU registration in India is an important step in our international expansion strategy and reinforces our commitment to bringing the benefits of crypto to users around the world in a safe and compliant manner.
We look forward to growing our presence in India and supporting its role as a global leader in onchain innovation.
Source: Coinbase
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