No—Coinbase is not currently shutting down all services in India. It stopped new exchange sign-ups in June 2023, but reopened onboarding in late 2025. In May 2026, Coinbase announced INR deposits and withdrawals through IMPS, along with spot and perpetual futures trading. The original “disables sign-ups” news described a pause in 2023, not Coinbase’s current status.
What did Coinbase mean when it said it was not discontinuing services in India?
In September 2023, Coinbase clarified that it had stopped allowing new users to sign up for its exchange product in India in June of that year. The company said it remained committed to India, maintained a technology hub there, and offered Coinbase Wallet. That statement addressed reports of a broader shutdown; it did not promise that exchange sign-ups would remain open or resume on a particular date. TechCrunch reported the clarification on September 10, 2023.
The concern was sharpened by emails sent to some customers whose accounts did not meet updated standards. Those affected users were asked to move funds by September 25, 2023. The emails were not a notice to every Indian Coinbase customer, and should not be read as proof that all accounts or Coinbase services in India were being closed.
Can you sign up for Coinbase in India now?
Coinbase resumed onboarding in late 2025. TechCrunch reported on December 7, 2025, that the app was open to users after a pause of more than two years; at that stage, crypto-to-crypto trades were available, while a fiat on-ramp was planned for later. Read TechCrunch’s December 2025 account of the reopening.
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On May 31, 2026, Coinbase announced that Indian customers could deposit and withdraw Indian rupees using IMPS, trade crypto on spot markets and access perpetual futures. It also announced local INR order books and said INR support for existing users was being rolled out. These are Coinbase’s published service claims; access to a feature can depend on the user’s account and Coinbase’s current eligibility rules. Coinbase’s launch announcement describes the INR services.
What features does Coinbase list for India?
Coinbase’s India help page, accessed October 8, 2026, lists the following services. This is the company’s published feature list, not a guarantee that every feature is available to every account.
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- Cash balances, deposits and withdrawals
- Crypto purchases and sales, crypto-to-crypto trades, and crypto transfers
- Simple and Advanced Trade
- Perpetual futures
- Coinbase Wallet, including access to decentralized apps and NFTs through Wallet
- USDC and eligible staking
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Important account restriction: Coinbase says that adding a bank account to fund a cash balance permanently disables sending crypto from that Coinbase account. This specific limitation is stated on Coinbase’s India availability help page. Check the page and your account’s terms before linking a bank account if sending crypto is important to you.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Why did Coinbase pause service, and what happened with FIU-IND?
The service timeline includes a regulatory compliance action as well as Coinbase’s later return. On March 6, 2025, FIU-IND issued an order concerning Coinbase India Private Limited. The order records that the company failed to meet statutory obligations within the prescribed timeline, later ceased operations in India, received a warning, and was directed to comply with obligations under Chapter IV of the Prevention of Money Laundering Act and the related record-maintenance rules. The order’s summary says it is representational, has no legal significance, and cannot be relied on as precedent; it should be understood as a dated action concerning the entities and facts it addresses, not as a general ruling on every crypto service or customer. The FIU-IND order is available here.
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- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
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On March 11, 2025, Coinbase announced that it had registered with FIU and said registration enabled it to offer crypto trading services in India. It then began onboarding again in late 2025 and announced INR rails in 2026. Coinbase described itself as registered and operating under the FIU-IND framework in its 2026 launch announcement. The enforcement order and the later company announcements refer to different points in time; neither should be presented as though it cancels out the other. Coinbase’s March 2025 registration announcement.
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How the India service changed over time
| Period | New exchange sign-ups | Trading and INR access | Crypto sending |
|---|---|---|---|
| June–September 2023 | Coinbase said it had stopped new exchange sign-ups in June. In September it said it was not discontinuing all India services. | Not stated in the September 2023 clarification. | Some users who received account-standard emails were asked to move funds by September 25, 2023; the notice did not apply to every user. Source: TechCrunch, September 10, 2023. |
| Late 2025 | Onboarding had resumed, according to TechCrunch’s December 7 report. | Crypto-to-crypto trades were available. A fiat on-ramp was planned for the following year; INR deposits and withdrawals were not yet described as live in that report. | Not stated in the report. Source: TechCrunch, December 7, 2025. |
| May 2026 and current help page | Coinbase announced its India launch and current help page lists services for India. | Coinbase announced INR deposits and withdrawals via IMPS, spot trading, perpetual futures, and local INR order books. Its help page lists additional features. | Coinbase’s India help page says linking a bank account to fund cash balance permanently disables crypto sends from that account. Launch announcement; current feature page. |
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