After a two-year hiatus, a leading exchange returns to the Indian market

[Crypto World] After a two-year hiatus, a leading exchange has finally relaunched in the Indian market. This time, it’s not just testing the waters—it’s the real deal. Users can directly trade cryptocurrencies, and app registration is open to everyone.

It’s worth noting that, back then, due to regulatory pressure, they had to abruptly cut off services for millions of Indian users. But this year, the situation has changed—they have successfully registered with the Financial Intelligence Unit (FIU) of India.

John O’Loghlen, APAC Director, revealed that even though India’s 30% crypto income tax and 1% transaction tax seem pretty daunting, they’ve decided to go for it. The plan is clear: establish a fiat on-ramp by 2026.

It seems they’re truly committed. Not only have they invested in local exchange CoinDCX, but they’re also planning to further expand their team in India—which already has 500 employees. No matter how tough the regulatory environment is, the market potential is there and nobody wants to miss out.