Coinbase is working on its re-entry to India more than a year after it officially ceased operations in the world's most populous nation. The American Coinbase is working on its re-entry to India more than a year after it ceased operations in the country.

Coinbase is working on re-entering the Indian market after ceasing operations over a year ago, and is engaging with Indian authorities to secure necessary approvals, TechCrunch reported on Thursday, citing people familiar with the matter.

Coinbase's interest in re-entering India comes in line with its broader international expansion strategy, CFO Alesia Haas said at a recent Goldman Sachs conference. Although India is a critical market for US tech firms, the cryptocurrency sector in the country is still relatively small.

Coinbase reportedly plans to re-enter India after over a year away and is already engaging with key regulators.

Coinbase plans market re-entry in India, engaging with regulators like FIU after halting operations. Regulatory approval pending.

(Reuters) -Coinbase is working on re-entering the Indian market after ceasing operations over a year ago, TechCrunch reported on Thursday, citing people familiar with the matter. Coinbase is engaging with Indian authorities,