Coinbase has gained approval to offer digital asset trading in India, allowing it to re-enter a significant crypto market. This move comes two years after the exchange exited due to regulatory challenges. The company plans to launch these services later in 2025, reflecting a shift in the Indian regulatory stance towards a more favorable environment for cryptocurrency. India's burgeoning crypto adoption, particularly in decentralized finance, marks it as an attractive market for Coinbase. The country is home to a significant developer community, with 12% of global on-chain developers based there. Coinbase aims to harness this local talent by providing access to its platform and empowering new builders in the region. John O'Loghlen, Coinbase's Regional Managing Director for APAC, emphasized the opportunity for local innovation and scaling globally, indicating a broader trend of re-evaluation regarding digital assets by Indian regulators.

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