Coinbase to set up branch in India despite uncertainty around crypto regulation
4 years ago

Coinbase to set up branch in India despite uncertainty around crypto regulation

Live Mint  

The U.S. based cryptocurrency exchange Coinbase is planning to establish its business presence in India and intends to open an office in Hyderabad even as uncertainty around the country’s stance for the digital asset continues. ‘’India has long been known as a hub for engineering and technology innovation, and we look forward to finding that world-class talent to help the Coinbase group develop new ways for our customers to interact with the cryptoeconomy’’, the company added. The largest US cryptocurrency exchange has over 43 million users worldwide and the platform’s recent private market transactions had valued the company at around $68 billion this year. Coinbase’s plans to open a branch in India comes at a time when the government is giving mixed signals on the cryptocurrency front.

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