Coinbase is packing from India; the company has stopped registration of new members and told old members to withdraw their assets by September 25.

Coinbase is not strong in India

     Coinbase has not been able to gain a hold in the Indian market; last year, the company opened an India account on Twitter that remained inactive. The reason for not progressing in India is believed to be the process of discouraging the crypto industry in India with a heavy tax burden.

According to some experts, it is limited

     Some experts believe that Coinbase has simply stopped serving users who are breaking Coinbase's rules, but this is not right because the exchange service is going to be closed in India from September 26th, and only the wallet will be left. This is the same as withdrawing your assets from the exchange.

From centralised to decentralised

     Crypto was created for economic freedom; regulation of it will extend only to centralised institutions. Decentralisation is very complex to control; hence, the absence of KYC in the wallet maintains the privacy of consumers. Coinbase users in India will move from centralised to decentralised.