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A compliant platform returns to the Indian market after two years, with fiat deposits expected to be available in 2026.
[BlockBeats] There’s some news worth paying attention to—a certain compliant platform is finally about to reopen registrations in India. It’s been more than two years since they last suspended services.
What can users do now? For the time being, only crypto-to-crypto trading is available, meaning users can only swap between cryptocurrencies. However, the platform’s head of Asia-Pacific revealed at India Blockchain Week (IBW) that they plan to let Indian users deposit fiat and buy crypto directly by 2026.
The platform’s journey in India has been quite bumpy. In 2022, just a few days after launching, they were forced to suspend UPI payment functionality—the reason being that the National Payments Corporation of India (NPCI) didn’t recognize the legitimacy of their business at all. By 2023, they simply shut down entirely and asked users to clear out their accounts.
This relaunch, made possible by a somewhat more relaxed regulatory environment, reopens a door for crypto trading in the Indian market. Whether they can successfully set up fiat on-ramps remains to be seen in 2026.