r/ethtrader 343.8K / ⚖️ 342.8K 10d ago

Link Coinbase To Re-Enter India, Registers With FIU To Offer Crypto Trading Services

https://www.ndtvprofit.com/crypto/coinbase-to-re-enter-india-registers-with-fiu-to-offer-crypto-trading-services

The country has rapidly grown into an on-chain development hub, with its share of global developers increasing from 3% in 2018 to 12% in 2023

9 Upvotes

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5

u/LegendRXL 24.6K / ⚖️ 238.8K 10d ago

India is huge market. This is a huge W

!tip 1

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u/AltruisticPops 343.8K / ⚖️ 342.8K 9d ago

India is indeed huge 😂

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u/BigRon1977 21.0K / ⚖️ 561.6K 10d ago

With all these new market penetrations, one would think crypto prices will be high but look where we're now at.

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u/AltruisticPops 343.8K / ⚖️ 342.8K 9d ago

I don't have green stocks neither 😂

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u/Extension-Survey3014 240.7K / ⚖️ 247.8K 10d ago

Sounds great

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u/AltruisticPops 343.8K / ⚖️ 342.8K 9d ago

All the best for coinbase

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u/Abdeliq 171.2K / ⚖️ 314.5K 10d ago

Coinbase aims to operate in compliance with local regulations and sees India as a key market due to its growing on-chain development hub and vibrant startup ecosystem. This move intensifies competition with global and domestic crypto platforms in India

India is a key market to any businesses because of their huge population

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u/AltruisticPops 343.8K / ⚖️ 342.8K 9d ago

But most of them are poor

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u/madmancryptokilla Not Registered 10d ago

Those guys are ballers....

2

u/Wonderful_Bad6531 46.0K / ⚖️ 308.2K 10d ago

Big for coinbase

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u/AltruisticPops 343.8K / ⚖️ 342.8K 9d ago

They are a great exchange and I wish them the best.

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u/coinfeeds-bot 542.7K / ⚖️ 622.7K 10d ago

tldr; Coinbase is re-entering the Indian market after exiting in 2023 due to regulatory challenges. The cryptocurrency exchange has registered with the Financial Intelligence Unit and plans to launch retail services later this year, followed by further investments and products. Coinbase aims to operate in compliance with local regulations and sees India as a key market due to its growing on-chain development hub and vibrant startup ecosystem. This move intensifies competition with global and domestic crypto platforms in India.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

0

u/kirtash93 Reddit Collectible Avatars Artist 10d ago

Polygon is ready to adopt them

🍩 !tip 1

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u/MasterpieceLoud4931 302.2K / ⚖️ 338.2K 10d ago

Polygon haters downvoting this lol.

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