Coinbase India Prioritizes INR Rails, Compliance, and Security After Resolving Early Launch Issues
Coinbase India has admitted that its return to the country did not begin as planned. After reopening services on June 1, many users faced sign-up problems, delayed deposits, and KYC issues. Now, the company says those early problems have been fixed and the next 12 months will focus on building a stronger platform.
During a media interaction, Coinbase India and EMEA Product Lead Roshan Prabhakar said the company expected heavy demand after its return. Many users signed up immediately after the announcement. Instead of getting instant access, several users saw a “coming soon” message, creating confusion and disappointment.
Coinbase Explains Early Launch Problems
Prabhakar accepted that the company could have handled the launch better. He said the biggest mistake was not explaining the phased rollout clearly enough. Many users expected full access on the first day, while Coinbase had planned to open services in stages.
The company said this approach was intentional. Coinbase wanted to make sure deposits and withdrawals worked safely before opening the platform to everyone. The team checked payment systems, fixed small technical issues, and completed the rollout within the planned two weeks.
The slow rollout also reflected lessons from Coinbase’s first India launch in 2022. At that time, payment support stopped only days after launch, forcing the exchange to pause its services. This time, Coinbase spent almost one year building local payment systems before returning to the Indian market.
Focus on Local Infrastructure and Compliance
Prabhakar said Coinbase India now operates differently compared to many global exchanges. The company built direct INR rails with local banking partners and created local order books instead of depending on peer-to-peer transfers. This setup gives users a more secure and transparent trading experience.
Coinbase also placed strong attention on regulatory compliance. The platform clearly shows GST, TDS, platform fees, and other charges before users complete a trade. The company believes users should understand every deduction instead of discovering extra charges later.
Coinbase’s strategy shows that trust has become more important than fast growth. Better payment systems, clear tax information, and stronger compliance could help bring more users back to regulated crypto platforms.
The company also shared its roadmap for the next year. Coinbase plans to add more INR trading pairs, improve local liquidity, expand payment options, and introduce more advanced trading features when regulations allow. It also wants to expand its product portfolio and continue investing in India’s crypto ecosystem.
Coinbase’s 12-Month Growth Plan
Security will remain another major focus. Coinbase allows money to move only between verified bank accounts and official Coinbase accounts. The exchange also works with India’s cybercrime agencies and continues improving its fraud detection systems to stop online scams.
Prabhakar also said stablecoins will not replace UPI. According to him, UPI will continue handling everyday payments in India, while stablecoins will mainly support faster international money transfers.
Coinbase is not measuring success by the number of new accounts. Instead, the company wants to become the platform that Indian crypto traders trust the most. Its 12-month roadmap focuses on reliable INR rails, strong regulatory compliance, and better crypto trading services. The coming year will show whether that strategy helps Coinbase rebuild confidence in one of the world’s fastest-growing crypto markets.
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