Crypto Exchanges Eye India Comeback as Regulators Tease Pivot
The Hauz Khas village in New Delhi, India, in December.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
Major crypto players are returning to India in a calculated bet that regulators may ease restrictions on digital-asset trading.
Coinbase Global Inc., the US exchange, recently registered with India’s Financial Intelligence Unit (FIU) as part of a plan to roll out its retail trading platform and boost investments in the country. The move, which comes after local registrations by rivals Binance, Bybit and KuCoin, underscores a renewed interest in the Indian market.