The US crypto exchange Coinbase started to serve in India, which brought tax law to cryptocurrencies. Customers can trade cryptocurrencies.

 Cryptocurrency exchange Coinbase continues to come to the fore with its new plans for India. Coinbase, the largest US cryptocurrency exchange, announced at an event in India's tech hub, Bengaluru, that it has started offering cryptocurrency trading services to users in India. Brian Armstrong, co-founder and CEO of Coinbase, first emphasized that the company's investment in India is long-term. Armstrong also acknowledged that enthusiasm for cryptoassets has waned in the country due to the tax law enacted on April 1. Brian Armstrong, co-founder and CEO of Coinbase, said:

 “We know that bringing this technology will not be the right decision. We don't know exactly how it will develop. But we are committed to working with bank partners, regulators, most importantly the Indian public. I showed a spark of genuine interest in cryptocurrency. There is a real desire to access some of these services and products.”

Finally, Coinbase announced earlier this week that it plans to hire 1,000 people at its tech hub in India by the end of the year.