Major Compliance Platform Resumes India Operations, Plans Fiat Integration by 2026

Source: DefiPlanet Original Title: Coinbase Reopens India Signups, Targets Fiat On-Ramps by 2026 Original Link: https://defi-planet.com/2025/12/coinbase-reopens-india-signups-targets-fiat-on-ramps-by-2026/

Quick Breakdown

• A major compliance platform resumes new account registrations in India after the 2023 freeze due to regulatory hurdles.
• The platform will offer full fiat deposit and withdrawal support via local partners in 2026.
• Move taps India’s booming crypto market, now valued at over $5 billion in trading volume.

Return to India after a two-year freeze

A major compliance platform has resumed accepting new user signups in India, ending a service suspension that began in early 2023. The exchange initially paused operations to meet India’s rigorous registration requirements for offshore platforms mandated by the Financial Intelligence Unit (FIU).

Now fully registered, the platform allows Indian users to trade cryptocurrencies like Bitcoin and Ethereum immediately, with trading pairs in USDC. The company confirmed plans to introduce rupee-based fiat on-ramps and off-ramps by 2026 through partnerships with local payment providers. This step addresses a key barrier that drove many users to local exchanges during the freeze.

Fiat integration and regulatory path ahead

India’s crypto sector has grown rapidly despite a 30% tax on gains and 1% transaction levy introduced in 2022. The platform’s reentry comes as the government reviews its stance, following recent court rulings that struck down some reporting mandates. The exchange, which serves over 100 million users worldwide, sees India as a priority market with 30 million crypto holders.

The company highlighted the opportunity in official communications, noting compliance efforts since 2023. Local rivals dominate the market, but the platform aims to capture institutional flows with advanced tools. Full fiat support could boost volumes, mirroring expansions in Brazil and Singapore. Risks remain, including potential tax hikes or bans, yet analysts view this as bullish for adoption.

Recently, the platform launched a major new lending product that allows eligible US customers to secure USDC loans of up to $1 million. Users can use their existing Ethereum (ETH) holdings as collateral for these loans.

This innovative service provides immediate liquidity without the need to sell cryptocurrency, thereby avoiding potential taxable events. The platform blends centralized accessibility with decentralized functionality by utilizing the Morpho lending protocol on the platform’s Layer-2 network.

Ultimately, this initiative enhances flexible credit access in the crypto market and includes a crucial feature that protects borrowers from automatic liquidation, provided certain loan-to-value thresholds are met.