Compass Investments

– Coinbase has been given the green light to operate in India after receiving regulatory approval – The Daily Hodl Coinbase, a leading US cryptocurrency exchange, has been suspended due to regulatory concerns.

According to a press release from Coinbase, the approval allows the leading US exchange to offer cryptocurrency trading services in India, one of the fastest growing digital asset markets in the world.

Coinbase has announced plans to introduce retail trading services in the country later this year, followed by additional investment products aimed at Indian customers. According to John Ologren, managing director for the region, India’s developer community and entrepreneurial energy is second to none. However, too often young Indian entrepreneurs are forced to look abroad for opportunities to launch global companies. Cryptocurrencies can change this situation. By expanding access to our robust platform and tools like Base, we aim to enable a new generation of developers to stay in their home countries, innovate locally and scale globally.

Exchange said India is one of the most dynamic emerging economies.

India is the world’s most dynamic global technology powerhouse with one of the most developed startup ecosystems and claims it is a natural place for Coinbase’s international expansion.