Coinbase will shut down its service in India: Mailed to customers, asked to withdraw money from account by September 25

Global crypto exchange Coinbase is going to stop its service in India. The crypto exchange has given information about this by mailing its users. In the mail, the exchange has advised customers to withdraw their money by September 25.

After September 25, users will not be able to access Coinbase’s website and app in India. Before this, users can withdraw their entire money by selling crypto. If Coinbase users don’t want to sell crypto, they can link their accounts to other crypto exchanges. Along with this, you can also transfer your money to that crypto exchange account.

Coinbase founder came to India last year to launch the exchange

Last year, the founder of the exchange, Brain Armstrong, came to India to officially launch the service of the exchange in India. He had announced that platform users in India will be allowed to add money through Unified Payment Interface (UPI).

However, after this announcement, NPCI banned UPI from all crypto exchanges.