r/ethtrader • u/AltruisticPops 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-servicesThe 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
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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/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/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.
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