Coinbase's Indian Re-Entry Marred by Launch Glitches

Coinbase's re-entry into the Indian market was marred by launch glitches, leaving users frustrated and disappointed.

The exchange relaunched on June 1, 2026, after a three-year absence, with a phased rollout that caused initial friction for users. Roshan Prabhakar, Coinbase's India product head, acknowledged the bumpy start but attributed it to a deliberate choice to prioritize safety and security.

'I'll be honest that we probably did not get all of it right,' Prabhakar said in an interview with The Crypto Times. 'A lot of users actually came in the moment when they saw the news and hit that coming soon stage, which they were not really expecting.'

Coinbase spent nearly a year building local infrastructure to comply with Indian regulations, setting up direct INR rails and local liquidity. The company's compliance-native model is built for India's regulatory posture, which remains firmly unresolved.