Coinbase reentering Indian market legally, expanding globally, focusing on growth

From Nasdaq
March 12, 2025 3:00:00 pm:

Coinbase Inc. (COIN) is reentering the Indian market after registering with the Financial Intelligence Unit (FIU), allowing it to legally offer crypto trading services in India. India is now an onchain development hub with a 12% share of global developers, a significant increase from 3% in 2018.

As part of its international expansion strategy, COIN also obtained Virtual Asset Service Provider (VASP) registration in Argentina, enabling it to operate legally in that country. COIN is focusing on expanding the utility of crypto and aims to bring 1 billion people onto the crypto rail, investing heavily in infrastructure and foundational platforms.

Despite experiencing a 22.8% year-to-date decline in its shares, Coinbase remains a key player in the crypto market. The company is focused on growth by increasing market share, expanding its product portfolio, and entering new markets. While there are risks associated with the volatility of crypto prices and cyber threats, COIN’s efforts to accelerate growth in the crypto market position it well for the future.

Read more at Nasdaq: Coinbase to Operate in India Again: Time to Buy the Stock?