India, Oct. 27 -- In a recent development, San Francisco-based cryptocurrency giant Coinbase is looking to expand into the Indian market. However, it's planned entry is contingent upon the company having discussions with policy experts and understanding the regulatory landscape for cryptocurrency in India.

A source told Inc42 that Coinbase representatives, through the US Commercial Service, a branch of the country's embassy in India, are reaching out to select players in the Indian crypto ecosystem.

Earlier this year, Coinbase made its foray into the Indian crypto market by participating in a $2.5 Mn-worth funding round for Mumbai-headquartered cryptocurrency exchange CoinDCX. The funding round was led by San Francisco-based venture cap...