US-based Nasdaq-listed crypto exchange unveiled its eagerness to expand its services across India.
Coinbase is a US-based crypto exchange, which is also listed publicly on NASDAQ. Right now exchange is standing at 2nd rank in the crypto industry by 24 hours trade volume and also exchange is known for its compliance-based services. Exchange is operating its crypto services globally under the compliance and possibilities in presence of existing rules and regulations by the local governments.
On 4 April, the Coinbase exchange published a blog and confirmed that the exchange is ready with significant potential to expand services in the Indian crypto market because India is already working on the adoption of digital payments and related infrastructure.
The blog post also confirmed that Coinbase will focus on the ideas to make cryptocurrencies use cases and trade in much easier ways. So for this, Coinbase will first work to strengthen its root in the Indian market.
“We believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” Coinbase CEO Brian Armstrong said
Coinbase CEO understands very well about the future of the crypto industry in India because India is already standing at the top rank list in terms of crypto investment and also many big players are looking for better clarity from the government.
Coinbase CEO added:
“India is a magical place, and I believe crypto has a big future here. We’re excited to help build that future, and this event is an important step,”
Here these decisions by the Coinbase exchange should not be considered that Coinbase was not giving services in India but already the exchange was providing services in all possible countries including India . However, in recent years, the Coinbase exchange stopped accepting new users. But now the exchange saw some clarity from the Indian government because of the recently introduced controversial crypto tax bill officially.