TechFlow news — Coinbase has notified some customers via email that it plans to cease trading services for users in India on September 25, advising affected users to withdraw all funds from their accounts promptly. The company has also blocked new user registrations from India.
Notably, Coinbase is an investor in Indian mainstream cryptocurrency exchanges CoinDCX and CoinSwitch Kuber. After initially launching in South Asia over a year ago, Coinbase has consistently faced regulatory challenges in the region. Despite spending 18 months attempting to relaunch its services in India, the company failed to make progress with local authorities, leading to the departure of at least two prominent executives, including Durgesh Kaushik, who joined the firm last year as Senior Director of Market Expansion.
