Coinbase Global stock price jumped 7 percent on Tuesday as cryptocurrency markets recovered from multiple-week lows

Coinbase Global opened the session at $186 and touched an intraday low at $183.3. The stock managed to touch high at $195.69 before closing at $191.69 (up by 6.95 percent).

Coinbase Global stock price rose sharply on Tuesday as cryptocurrency markets recovered from multiple-week lows touched during early morning trades.

Coinbase Global stock opened the session at $186 and touched an all-time low at $183.3. The stock managed to touch high at $195.69 before closing at $191.69 (up by 6.95 percent).

Coinbase has declined 28 percent over last one month.

Cryptocurrency markets have also declined to their lowest levels in 2025 during today's session. However, strong buying at lower levels saw crypto markets recovering from lows to close in positive territory.

Coinbase has also announced that it will start offering trading platform to Indian traders.

Coinbase, one of the world’s leading cryptocurrency exchanges, has officially registered with India’s Financial Intelligence Unit (FIU), a move that expands the exchange’s global footprint and brings its crypto trading platform to the country later this year.

This positions Coinbase in a rapidly growing market for digital assets, following in the footsteps of exchanges like Binance and KuCoin, which have already made their presence felt in India.

As the country emerges as a hub for blockchain innovation, Coinbase is aiming to capitalize on its dynamic startup ecosystem while ensuring full regulatory compliance.

India: A High-Potential Market for Crypto

The decision to enter the Indian market comes at a time when global crypto adoption is accelerating, and India stands out as a key player in blockchain development.

The country has seen a remarkable surge in onchain development, with its share of global blockchain developers increasing from 3% in 2018 to 12% in 2023.

Moreover, India boasts one of the world’s most vibrant startup ecosystems, making it a natural destination for Coinbase’s international expansion. Despite encountering regulatory hurdles in the past, India’s massive developer talent pool and entrepreneurial energy make it an attractive market for Web3 innovation.

“India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full loyalty and complete compliance with local regulations,” said John O'Loghlen, Regional Managing Director for APAC at Coinbase.

What FIU Registration Means for Coinbase in India

Coinbase’s registration with the Financial Intelligence Unit (FIU) is a significant step forward, enabling the exchange to operate in India in accordance with local regulations. The FIU is responsible for enforcing anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, ensuring that crypto exchanges operate within a framework of financial integrity.

This registration has implications for both Coinbase and the broader Indian crypto landscape:

* Legitimacy & Compliance: FIU registration strengthens Coinbase’s credibility in India by demonstrating its commitment to adhering to all local laws and regulations.

* Market Access: This approval clears the way for Coinbase to introduce its full suite of services to the Indian market, starting with retail crypto trading later this year.

* Investor Confidence: Regulatory approval from the FIU serves to reassure Indian traders and investors that Coinbase is a trustworthy and compliant platform. This is in contrast to 2023, when Coinbase faced difficulties with the Reserve Bank of India (RBI) over enabling UPI (Unified Payments Interface) services, leading it to discontinue certain operations.

Despite that setback, Coinbase continued expanding its back-end technology teams in the country throughout 2023, showcasing its long-term commitment to investing in India’s technical talent and infrastructure.

A Strategic Move Amid Global Crypto Developments

Coinbase’s move to enter the Indian market comes at a time when there is growing support for crypto in the U.S., particularly during former President Donald Trump’s administration, which advocated for providing regulatory clarity and facilitating greater institutional adoption of digital assets.

At the same time, global crypto exchanges have been stepping up their efforts to capture emerging markets, recognizing their potential for driving mass adoption of cryptocurrencies.

Exchanges like Binance and KuCoin have already managed to attract millions of users in India, highlighting the vast opportunities in this market despite the ongoing regulatory gray areas.

Coinbase’s late arrival in 2024 suggests it is taking a more measured and strategic approach, prioritizing regulatory alignment before launching its retail services. By focusing on legal and compliant expansion, Coinbase is positioning itself as a long-term, trusted player in the Indian crypto ecosystem.

Coinbase Is Empowering Indian Developers and Startups

Coinbase isn't limiting its efforts to offering a trading platform; it's also aiming to foster India's Web3 ecosystem.

Highlighting the vast talent pool available, India features prominently in the global developer community for blockchain, with its share increasing from 3% in 2018 to 12% in 2023. However, many Indian developers have been forced to seek opportunities abroad due