United States-based cryptocurrency exchange, Coinbase has confirmed the rumors of expanding in India. Chalo shuru karein! That’s how you say “Come, let’s get started!” in Hindi and that’s our guiding light as we work to serve and grow the crypto and web3 community in India. Learn more 👇https://t.co/d0McVp5AAy — Coinbase (@coinbase) April 7, 2022 Incorporation of Unified Payments Interface The cryptocurrency exchange had shared the announcement in Bangalore where it also disclosed the addition of UPI or unified payments interface to its platform. The crypto exchange known widely for being the second-highest trading volume for digital assets has benefitted Indian users with the update. Coinbase can now help Indian users withdraw and deposit money directly via their bank accounts without any kind of hassle. Coinbase CEO Brian Armstrong has been residing in India for the past few weeks. Coinbase Encourages Trading Activity in India Armstrong has been planning to operate in India by hiring locally and investing in Indian startups. As many as 157 cryptocurrencies are available to trade in Indian currencies as well, for Indian users. In a blog post published last month, the company mentioned plans of investments, adding platforms like CoinSwitch Kuber and CoinDCX in India. Coinbase also wants to encourage these Indian startups to accelerate the growth of the “crypto economy.” Indian Government and Digital Assets Although the Indian ...
