1. Coinbase reopened app registrations in India after two years. 2. Fiat on-ramp expected by 2026 aims to increase user base. 3. India's strict crypto taxation may deter frequent trading. 4. Coinbase invested in local exchange CoinDCX, valuing it at $2.45B. 5. Company plans to hire extensively to support Indian operations.
FAQ
Why Bullish?
Re-entry into India opens a significant market. Historical examples include Coinbase's initial rise after entering new markets.
How important is it?
The re-entry into the Indian market indicates growth potential and addresses investor interests.
Why Long Term?
The potential to expand user growth with fiat on-ramp in 2026 influences long-term price performance.