Coinbase and Crypto Fans Suffer a Major Blow

Coinbase  (COIN) , the most popular crypto exchange in the United States, has big ambitions. 

These ambitions focus on conquering new countries, which would allow the crypto exchange to expand its audience and also increase its revenues and profits at a time when crypto trading volumes are slowing in the United States.

One of the cornerstones of this international expansion is India, a country of 1.38 billion people.

“Namaste, India! 🇮🇳” CEO Brian Armstrong solemnly declared on April 4 in a blog post. He accompanied the message with the country flag.