Coinbase News: Coinbase Registers with India’s FIU, Plans to Launch Retail Services Later This Year

Coinbase has made a significant move into the Indian market by registering with the country’s Financial Intelligence Unit (FIU). This registration paves the way for the cryptocurrency exchange to offer its services in one of the world’s most dynamic markets for digital currencies. Here’s a closer look at this development and what it means for the future of crypto in India.

Coinbase Registers with India’s Financial Intelligence Unit

Coinbase has officially registered with India’s Financial Intelligence Unit (FIU) to enable the exchange to offer crypto trading services in the country. This registration establishes the company’s presence in one of the world’s most dynamic markets for cryptocurrency. The exchange plans to launch its retail services in India later this year, with further investment and product offerings. India is emerging as a global technology hub which has attracted a growing number of crypto developers. Coinbase aims to empower crypto developers and entrepreneurs with innovative tools, highlighting the company’s commitment to the Indian market.

Coinbase to Hire 1,000 New Employees in the U.S.

Leading cryptocurrency exchange Coinbase has announced plans to hire 1,000 new employees in the United States, citing President Trump’s pro-crypto stance and policy shifts as key drivers behind the decision. CEO Brian Armstrong made the announcement in a video message, crediting the Trump administration for creating a favorable environment for the crypto industry.