PANews reported on December 8th that, according to TechCrunch, cryptocurrency exchange Coinbase has reopened its app registration function in India after suspending operations for over two years. Currently, users can trade between cryptocurrencies. However, at India Blockchain Week (IBW), John O'Loghlen, Coinbase's Director for Asia Pacific, stated that the company will open fiat currency deposits in 2026, at which point Indian users will be able to deposit funds and purchase cryptocurrencies.

Coinbase launched its services in India in 2022, but within days had to discontinue support for the Unified Payments Interface (UPI) payment network because UPI operator National Payments Corporation of India (NPCI) refused to acknowledge Coinbase's presence in India. Later in 2023, Coinbase ceased all operations for Indian users and asked them to empty their accounts.