Coinbase registers with Indian financial watchdog to offer crypto trading services
1. Coinbase registers with India's FIU for crypto trading services. 2. This move enhances COIN's international market presence and revenue potential.
FAQ
Why Bullish?
Coinbase's entry into the Indian market could significantly boost revenue. Historical examples include Binance's success after entering new markets, which positively impacted their stock price.
How important is it?
The registration is a pivotal strategic move, potentially increasing COIN's user base and market share.
Why Long Term?
Establishing a footprint in India opens up a continual revenue stream. Past international expansions have shown sustained benefits over time.