India, March 11 -- US based crypto exchange Coinbase has reportedly registered with India's Financial Intelligence Unit (FIU) to offer crypto trading services in the country.

A Reuters report said that the company plans to roll out its initial retail services later this year, followed by more investments and products. However, it has not shared a specific timeline on the same.

"India is one of the most exciting markets today, and we are proud to deepen our investment here while staying fully compliant with local regulations," John O'Loghlen, Coinbase's regional MD for Asia Pacific, was quoted as saying in the report.

This is nearly a month after reports surfaced that the crypto giant might be re-entering into India. Moreover, Paul Grew...