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

Bitcoin price prediction: November fails to impress, what about an action-filled December 2019?

Bitcoin is staring into a bottomless pit mid though the month of November. The past two years have seen Bitcoin start to stir movement upwards in November.

More Bitcoin News

The cryptocurrency market update: Bitcoin and major altcoins recover from early losses

The cryptocurrency market is navigating a sea of red on Friday. Bitcoin and all major altcoins are nursing losses both on a day-to-day basis and since the beginning of the day.

More Cryptocurrencies News

XRP/USD on the verge of a falling wedge pattern breakout

Ripple is trading below a key support week-long support at $0.27. The selling pressure on Thursday forced the price lower refreshing the levels towards $0.26. XRP commenced the trading on Friday at $0.2679 and touched a high of $0.2690.

More Ripple News

Litecoin price update: LTC/USD takes back $60 support, is $65 hurdle breakable?

Litecoin is in the middle of a recovery move following the recent slide below $60. The accrued gains chopping exercise that has been going on since the week started after another failed attempt to correct towards $65.

More Litecoin News


Bitcoin Weekly Forecast: In the middle of nowhere

Bitcoin has been drifting down since the beginning of the week, as the bulls have no luck with the recovery campaign launched during the previous weekend.

Read the weekly forecast