Coinbase To Re-Enter Indian Market As COIN Battles Downtrend

Benzinga_recent_news12-08

Coinbase Inc. (NASDAQ:COIN) has opened its app for registrations in India as it resumes expansion in the country even as COIN struggles to hold a technical support level. After more than two years of ...

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(NASDAQ:COIN) has opened its app for registrations in India as it resumes expansion in the country even as COIN struggles to hold a technical support level.\nAfter more than two years of ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/25/12/49256986/coinbase-to-re-enter-indian-market-as-coin-battles-downtrend\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861559042.SGD","symbol_name":"日兴方舟颠覆性创新基金B SGD","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/25/12/49256986/coinbase-to-re-enter-indian-market-as-coin-battles-downtrend","article_id":"2589351977","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/08/The-Coinbase-Trade.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/crypto/cryptocurrency/25/12/49256986/coinbase-to-re-enter-indian-market-as-coin-battles-downtrend","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2589351977","pubTimestamp":1765204800,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Coinbase Inc.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4516":"特朗普概念","BK4539":"次新股","BK4585":"ETF&股票定投概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","COIN":"Coinbase Global, Inc.","BK4535":"淡马锡持仓","BK4112":"金融交易所和数据","BK4554":"元宇宙及AR概念","LU1861217088.USD":"贝莱德金融科技A2","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","BK4132":"无线电信业务","BK4595":"比特币概念","BK4596":"哈里斯概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4551":"寇图资本持仓","BK4588":"碎股","BK4600":"加密货币概念"},"translate_title":"Coinbase将重新进入印度市场，硬币与下跌趋势作斗争","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1.97},"content_text":"Coinbase Inc. (NASDAQ:COIN) has opened its app for registrations in India as it resumes expansion in the country even as COIN struggles to hold a technical support level.\nAfter more than two years of restrictions, Coinbase has begun onboarding Indian users again, allowing access to cryptocurrency trading pairs while it works to restore full functionality. \nSpeaking at India Blockchain Week, regional head John O'Loghlen said the company aims to launch a fiat on-ramp in 2026 to enable users to load funds and purchase cryptocurrency directly.\nCoinbase originally entered India in 2022 but paused services after the National Payments Corporation of India did not recognize the company's integration with the Unified Payments Interface network. \nThe firm eventually exited the market, asking users to close accounts and withdraw assets.\nO'Loghlen said the company \"burned the boats\" by off-boarding users in 2023 to reset the regulatory relationship, even though it meant losing millions of accounts. \nCoinbase later engaged with the Financial Intelligence Unit and registered this year, enabling it to restart onboarding in October and now open access more broadly.\nIndia imposes a 30% tax on cryptocurrency income, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), with no loss offsets and a 1% tax deducted at source (TDS) on every trade. \nMarket participants say the structure discourages active trading and reduces liquidity, especially for new users.\nO'Loghlen said he hopes regulators will reduce the burden to encourage participation and long-term holding. \nDespite the constraints, Coinbase is continuing to invest in the region. \nIts venture arm added capital to local exchange CoinDCX at a $2.45 billion valuation, while the company plans to expand its more than 500-person workforce by hiring for global and domestic roles.\nCOIN Price Prediction As Of December 8 (Source: TradingView)\nCOIN closed last week at $269.73, down 1.58%, after failing to break above short-term resistance on the daily chart. \nPre-market trading on Monday lifted shares to $276.24, up 2.41%, suggesting early buying interest.\nHowever, traders say pre-market bids have repeatedly faded once full trading volume returns. \nThe stock remains below the 50-day, 100-day, and 200-day EMA's, which are stacked above the price. \nCOIN continues to trade inside a broad descending structure that has rejected every rally since July. \nShort-term support sits near $260–265, an area buyers have defended multiple times. \nA break below that level increases the probability of a move toward $236, which sparked the last confirmed bounce.\nTo change sentiment, price would need to reclaim $300 and close above $306, which aligns with the 200-day moving average. \nWithout that shift, rallies are more likely to be sold into rather than sustained.\nRead Next: \nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2589351977","isCrawlerRequest":true}