1. Coinbase aims to re-enter the Indian market after previous operational issues. 2. Engaging with Indian authorities for necessary approvals, primarily from the FIU. 3. Crypto trading in India faces challenges from past regulatory pressures. 4. A successful re-entry could capitalize on WazirX's market gap in India. 5. Overall crypto market in India is limited due to high taxation.
Coinbase's re-entry into India opens new markets, potentially increasing user base and revenue. Similar to Binance's success, this could positively influence COIN's performance.
The article discusses Coinbase's strategic actions that could significantly impact its market position and financial performance, thus influencing COIN's price.
If Coinbase secures approvals and establishes itself, growth in the Indian market may take time, similar to other markets where regulations are stringent.