A compliant platform re-enters the Indian market with FIU approval, to launch fiat deposit services in 2026

A certain compliant platform has officially reopened user registration in India, implementing a “fresh start” strategy backed by registration with the Financial Intelligence Unit (FIU).

Crypto-to-crypto trading is currently live, and the exchange has confirmed that full fiat onramp services (Indian Rupee deposits) will launch in 2026.

This move follows strategic investments in local trading platforms and collaborations with the Karnataka government, marking a deep institutional commitment to one of the world’s most active digital asset markets.

The Return of a Compliant Platform to the Indian Market

According to the platform’s APAC director, speaking at India Blockchain Week, Indian retail investors can now engage in crypto-to-crypto trading. The exchange plans to reopen its fiat onramp service in India in 2026.

The director noted that the exchange has been communicating with the Indian Financial Intelligence Unit (FIU). As a result, the platform went live for retail crypto traders in India starting October 2025 through early access. However, the executive announced that these services are now open to all crypto investors in India.

It is worth noting that the exchange ceased operations in India in 2023, but its Web3 wallet has maintained a strong presence in the country over the years.

“We have historically had millions of customers in India, and we took a very clear stance to completely offboard those customers from the overseas entity where they had been domiciled and regulated. Because we wanted to ‘burn the boats’ and have a fresh start here. As a businessperson who wants to make money and have active users, that’s about the worst thing you can do, so you know this wasn’t without some hesitation,” the director stated.

Expanding Footprint in India

On December 3, the Karnataka government signed an MoU with the platform at the 8th ASSOCHAM Smart Datacenters & Cloud Infrastructure Summit to accelerate Web3 knowledge and investment in the state. The exchange announced that its local division will educate the people of Karnataka on Web3 skills, including privacy and security.

In October 2025, the platform participated in a funding round for a local trading platform. According to the platform’s Chief Business Officer, India and its neighboring states will help shape the future of the global on-chain economy.

Additionally, Chainalysis’ 2025 Global Crypto Adoption Index ranks India first, followed by the United States and Pakistan.

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Market Impact

The platform reported in its Q3 2025 report that its trading revenue grew to $1 billion, mainly driven by increased consumer and institutional activity. However, the exchange faces fierce competition from a leading exchange, which reported 300 million registered users over the weekend.

Therefore, the reopening of the platform’s services in India will play a crucial role in expanding its global reach. Moreover, the $72 billion company has secured strong institutional backing through acquisitions and partnerships.