Coinbase, one of the world’s leading cryptocurrency exchanges, has decided to cease operations in India. The company cited regulatory uncertainties and users not meeting their updated standards as the primary factors in this strategic move.
India Will No Longer Access Coinbase Trading Services, TechCrunch Reports
Reports on September 11 revealed that Coinbase India sent a warning email to users of this move. The email notified users that all services would stop by September 25, advising users to withdraw their funds from the exchange.
While this news appears disheartening, the service suspension move will not affect all of the company’s customers in India. Instead, the move applies only to users who failed to meet the company’s updated standards.
A Coinbase spokesperson noted that while the exchange stopped allowing new user sign-ups on the exchange in India in June of this year, the platform maintains a robust tech hub in…
