Coinbase sets foot in India: Ignores RBI banking support ban

  • Coinbase is now in 53 countries around the world.
  • The expansion will see Coinbase trading platforms accessed by users in the new countries.
  • The expansion to India comes at a time when the ban on banking support for cryptocurrency related businesses is yet to be lifted.

The leading cryptocurrency exchange company in the United States, Coinbase has announced that it is expanding its business to eleven more countries including India. The announcement was made in a blog post published on April 17. The expansion will see Coinbase trading platforms accessed by users in the new countries. Following the expansion, Coinbase now has a presence in 53 regions across the world.

Among the countries, the exchange is expanding to is New Zealand, India, South Korea, Mexico, and Hong Kong. The traders in these countries will utilize Coinbase Pro as well as platforms. In addition to that, customers will have access to Coinbase mobile applications too.

Initially, Coinbase has been operating in 32 countries. The exchange said last year that it was going to grow its services to include more countries and regions. According to the blog post-Coinbase says:

“Realizing our mission of creating an open financial system for the world starts with making it as easy as possible to access crypto. With today’s announcement, we’re happy to take an important step in that direction.”

The expansion to India comes at a time when the ban on banking support for cryptocurrency related business is yet to be lifted. The ban has led to several exchanges shutting down operations in India including Zebpay.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Sellers come in ahead of 10,500

BTC/USD sells of late in the session as we draw to a close on an eventful day in the financial markets. We were expecting Fed Chair Jerome Powell to be the main event of the session but China announced plans to add tariffs to US imports. Then Powell once again stood firm against Trumps pressure to loosen monetary policy and the US President lost it on twitter. 

More Bitcoin News

XRP pushes to session highs but a key level is in sight

XRP/USD pushes to session highs. Key resistance level is in sight. 0.300 still seems the like the long term target for bulls.

More Ripple News

BCH/USD: 300 is well supported once again

Bitcoin Cash has rejected downside moves yet again. Key trendline apex needs testing soon. 360 is still the level to breach for upside momentum.

More Bitcoin Cash News

NEO announces new partnership with gumi Cryptos bringing blockchain to Japan

NEO Foundation has announced a new partnership with gum Cryptos. The two organisations will be working on bringing blockchain technology to Japan. 

More Neo News


Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast