Coinbase Global stock price jumped 7 percent on Tuesday as cryptocurrency markets recovered

input: Coinbase Global stock price jumped 7 percent on Tuesday as cryptocurrency markets recovered from multiple-week lows touched during early morning trades.

Coinbase Global's stock price soared by 7 percent on Tuesday as cryptocurrency markets rebounded from multi-week lows touched during early morning trades.

Coinbase Global opened the session at $186 and touched an intraday low at $183.3. The stock managed to touch a high at $195.69 before closing at $191.69 (up by 6.95 percent). Coinbase has declined 28 percent over the last one month.

Cryptocurrency markets have also declined to their lowest levels in 2025 during today's session. However, recovery was witnessed after strong buying at lower levels.

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

Coinbase, one of the world’s leading cryptocurrency exchanges, has officially registered with India’s Financial Intelligence Unit (FIU), marking a significant step in its global expansion strategy.

This registration paves the way for Coinbase to launch crypto trading services in India later this year, positioning itself in a rapidly growing market for digital assets.

The move follows in the footsteps of Binance and KuCoin, which have already made their presence felt in the country.

With India emerging as a hub for blockchain innovation, Coinbase aims 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 surge in onchain development, with its share of global blockchain developers increasing from 3% in 2018 to 12% in 2023.

India also has one of the world’s most vibrant startup ecosystems, making it a natural destination for Coinbase’s international expansion. Despite 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 compliance with local regulations.” - 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 critical milestone, allowing the exchange to legally operate in India. 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.

Legitimacy & Compliance: FIU registration strengthens Coinbase’s credibility in India, ensuring it adheres to all local laws.

Market Access: This approval clears the path for Coinbase to introduce its full suite of services, starting with retail crypto trading.

Investor Confidence: Regulatory approval reassures Indian traders and investors that Coinbase is a trustworthy and compliant platform.

This marks a shift from 2023 when Coinbase faced regulatory challenges with the Reserve Bank of India (RBI) over enabling UPI (Unified Payments Interface) services, forcing it to discontinue certain operations.

Despite that setback, Coinbase continued expanding its back-end technology teams in the country, reinforcing its long-term commitment.

A Strategic Move Amid Global Crypto Developments

Coinbase’s entry into India coincides with increasing pro-crypto policies in the United States, particularly under former President Donald Trump’s administration, which advocated for regulatory clarity and institutional adoption.

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

Binance and KuCoin have already made inroads in India, attracting millions of users despite ongoing regulatory uncertainty.

Coinbase’s late re-entry into the Indian market suggests it is taking a more calculated approach, ensuring full compliance before launching its retail services.

By prioritizing regulatory alignment, Coinbase is positioning itself as a long-term, trusted player in the Indian crypto ecosystem.

Empowering Indian Developers and Entrepreneurs

Beyond just enabling crypto trading, Coinbase is keen on nurturing India's Web3 ecosystem.

India is home to an expansive blockchain developer community, many of whom have sought opportunities abroad due to regulatory uncertainty.

Coinbase aims to reverse this trend by providing local talent with tools, infrastructure, and investment opportunities to build blockchain-based businesses in India.

“Too often, young Indian entrepreneurs have felt forced to look abroad to build global companies. Crypto can change that” - O'Loghlen.

By expanding access to its Base Layer-2 scaling network, Coinbase seeks to empower Indian developers to innovate locally and scale their projects globally.

Coinbase Strengthens U.S.-India Ties

As part of its expansion efforts, Coinbase is also engaging in high-level discussions to strengthen U.S.-India crypto relations.

Recently, Paul Grewal, Coinbase’s Chief Legal Officer, was appointed to the Board of the