Coinbase Secures FIU Approval, Set to Launch in India in 2025

US-based cryptocurrency exchange Coinbase announced its entry into the Indian market after registering with the Financial Intelligence Unit (FIU) on March 11. The company plans to launch retail services in India later in 2025. Coinbase sees India as a major technology hub and aims to foster local crypto innovation. John O’Loghlen, APAC Managing Director, emphasized the company’s commitment to compliance and global expansion. The FIU registration ensures adherence to financial regulations. Coinbase also aims to support Indian talent in building world-class crypto solutions.

Coinbase Secures FIU Approval, Set to Launch in India in 2025

Coinbase, the US-based cryptocurrency exchange, has officially announced its entry into the Indian market. On March 11, the company revealed that it has successfully registered with India’s Financial Intelligence Unit (FIU), a significant regulatory milestone that ensures compliance with the country’s financial laws. This approval paves the way for Coinbase to establish its presence in India, with plans to introduce its retail services later in 2025.

The announcement was made via the company’s official social media handle on X, where Coinbase stated, “We’re approved to launch in India.” The move marks a strategic step in the exchange’s global expansion efforts, reinforcing its commitment to strengthening the adoption of cryptocurrency worldwide.

A Strategic Move for Global Growth

In a statement published on its blog, Coinbase underscored the importance of this decision as part of its broader international expansion strategy. John O’Loghlen, the company’s Regional Managing Director for the Asia-Pacific (APAC) region, highlighted the significance of India in the crypto and blockchain ecosystem. He emphasized that Coinbase is dedicated to operating in markets that recognize and support the potential of cryptocurrency and blockchain-based innovation.

“India represents one of the most exciting market opportunities in the world today,” O’Loghlen remarked. He further elaborated on the company’s long-term vision to foster crypto adoption in the country while strictly adhering to local financial regulations.

The Financial Intelligence Unit (FIU) plays a vital role in ensuring that financial institutions operating in India comply with anti-money laundering laws and other regulatory requirements. Obtaining FIU approval is a crucial step for any company in the financial sector, as it helps prevent illicit activities such as fraud and money laundering. Coinbase’s successful registration with the FIU signifies its commitment to compliance, security, and responsible crypto trading.

Why is Coinbase Expanding to India?

India has emerged as a global leader in technology and innovation, with a thriving startup ecosystem and a strong presence in the fintech sector. Recognizing the country’s potential, Coinbase aims to contribute to this growth by supporting local talent and fostering a robust crypto infrastructure.

The company believes that India is well-positioned to become a hub for blockchain development and cryptocurrency adoption. By entering the Indian market, Coinbase hopes to create opportunities for developers, entrepreneurs, and crypto enthusiasts to build innovative solutions that can scale globally.

“Our goal is to empower the next generation of builders to stay in India, create innovative solutions locally, and scale their impact globally,” said O’Loghlen.

To achieve this, Coinbase plans to introduce initiatives that will provide incentives to India’s brightest minds, encouraging them to develop cutting-edge blockchain and crypto-based products. The company’s focus is not just on trading services but also on fostering an environment where blockchain technology can thrive and be integrated into various industries.

A Commitment to Compliance and Security

As Coinbase prepares for its official launch in India, it remains focused on ensuring a secure and compliant trading environment. The company has reiterated its dedication to following local regulations and working closely with Indian authorities to provide a safe platform for users.

By securing FIU approval, Coinbase has taken a major step toward solidifying its presence in one of the world’s largest and fastest-growing cryptocurrency markets. Its entry into India is expected to bring new opportunities for investors and blockchain developers, further accelerating the country’s adoption of digital assets.

As the launch date approaches, Coinbase will likely reveal more details about its retail services and offerings for Indian users. For now, the company’s expansion into India marks a significant moment for the country’s crypto landscape, setting the stage for greater innovation and participation in the global blockchain ecosystem.