Which Crypto Exchanges Are Registered with FIU-IND? (October 2026)

What FIU-IND registration means (and doesn’t)

Crypto (VDA) service providers must register with FIU-IND as reporting entities under India’s anti-money-laundering law, the PMLA. The rules come from FIU-IND circulars of 10 Mar 2023 and 17 Oct 2023, revised on 20 Jan 2025 and 15 Sep 2025, with AML/CFT guidelines updated on 8 Jan 2026. FIU-IND downloads page, verified 11 Oct 2026.

In plain terms, registration means the exchange has taken on anti-money-laundering reporting duties in India. It is not a trading licence, it does not protect your deposits, and it does not guarantee that you can withdraw. A registered exchange can still be hacked, pause withdrawals or stop serving India.

How many are registered? When it announced notices to offshore platforms, India’s Ministry of Finance said 31 crypto service providers were registered with FIU-IND by 28 Dec 2023, and 50 by 1 Oct 2025. Its 9 Sep 2026 announcement gave no new total. These totals come from government press releases that we read through republications, because the official release pages did not open for us.

Registered exchanges: the evidence for each

Grouped as Indian exchanges (direct INR) and global exchanges, alphabetical within each group. This is not a ranking. For every exchange below, the registration number is not public.

Indian exchanges (direct INR)

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Sources: CoinDCX regulatory page; CoinSwitch homepage (coinswitch.co); Mudrex; ZebPay blog. Verified 10 Oct 2026. FIU-IND publishes no register to confirm any of these.

• CoinDCX. INR deposits by IMPS, NEFT or RTGS bank transfer, or UPI in the app where available; INR withdrawals to your bank. On 19 Jul 2025 an internal CoinDCX account was hacked (about $44M, per CoinDCX); CoinDCX says customer funds were not affected (details). To send crypto to an outside wallet you need CoinDCX’s separate Crypto Withdrawal access (KYC, enhanced due diligence and a manual review that CoinDCX says usually takes up to 14 business days; requesting it turns off UPI deposits), according to CoinDCX’s help centre. We link to spot trading only.
• CoinSwitch. INR deposits by UPI, IMPS or NEFT. We found no incidents. The latest proof of reserves we found is a snapshot from 30 Sep 2024. We could not read CoinSwitch’s withdrawal rules on an official page. We link to spot trading only.
• Mudrex. INR deposits by UPI, IMPS or NEFT. Mudrex paused crypto withdrawals in January 2025 (see Incidents). It charges a 2% crypto withdrawal fee (minimum $0.50) plus the network fee, according to its fee page (checked 31 Oct 2026). We link to spot trading only.
• ZebPay. INR deposits by NEFT/RTGS or its UPI Deposit option. It charges a monthly inactivity fee of 0.0001 BTC plus 18% GST for each full calendar month with no buy or sell trade and no active Earn contract (no fee if your balance is zero), according to ZebPay’s help centre. We found no incidents in 2025–2026. ZebPay gives two time frames for crypto withdrawals: its sending guide says transfers “may take 24–48 hours to execute”, citing statutory address-validation guidelines, while its transaction-status article says from a couple of minutes to a couple of hours (ZebPay’s statements, not times we measured). ZebPay is available in India; we compare it but do not link to it.

Global exchanges

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FIU orders: Binance · Bybit · KuCoin (Peken Global Limited). Other sources: Outlook Business (Binance); Bybit press release, 6 Feb 2025 (via AAP) and Cointelegraph (Bybit); Business Today (Coinbase); Cyril Amarchand Mangaldas announcement (KuCoin). Verified 10 Oct 2026.

• Binance. Rupees move through P2P only, as far as we found; Binance’s TDS handling is not verified. We link to spot trading only.
• Bybit. Rupee buys through UPI/IMPS via Onmeta, a third-party provider, plus INR P2P; Bybit says it deducts 1% TDS. We do not link to Bybit from this page.
• Coinbase. Registered, but we have not confirmed that it offers trading of any kind to Indian retail users. We do not link to it.
• KuCoin. KuCoin says INR is supported through P2P only and that direct INR deposits are not offered yet; it says it deducts 1% TDS. We link to spot trading only.

For which of these to consider and how they compare on rupee deposits, fees and TDS, see our India guide.

Not registered, blocked or not serving India

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Sources: Bitget (Crypto Times); Ministry of Finance release, 1 Oct 2025 and MediaNama (BingX); Gate restricted locations; OKX Risk & Compliance Disclosure; Kraken and MEXC via OpenRate. Verified 10–11 Oct 2026.

The FIU-IND notice rounds

India’s Ministry of Finance has announced three rounds of action against offshore crypto platforms that were not registered:

• 28 Dec 2023: show-cause notices to nine offshore exchanges, including Kraken and MEXC among those we cover.
• 1 Oct 2025: non-compliance notices under Section 13 of the PMLA to 25 offshore platforms, with directions to take down their apps and websites in India. BingX is the only exchange on that list that we cover. Press reports said many of the sites were still reachable shortly afterwards.
• 9 Sep 2026: non-compliance notices under Section 13 of the PMLA to 15 more platforms (Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT and Guardarian), with takedown notices under the IT Act. None of them is among the exchanges we cover.

A notice is not a final finding, and a platform can later register. We read these releases through republications, because the official release pages did not open for us.

The 25 platforms named on 1 Oct 2025

AscendEX, BC.Game, BingX, BitMEX, Bitrue, BTCC, BTSE, CEX.IO, Changelly, CoinCola, CoinEx, CoinW, HitBTC, Huione, LBank, LCX, LocalCoinSwap, Paxful, Phemex, Poloniex, PrimeXBT, ProBit Global, Remitano, YouHodler, Zoomex (names as reported by MediaNama and Charltons Quantum, whose lists match).

Sources: Ministry of Finance releases of 28 Dec 2023, 1 Oct 2025 and 9 Sep 2026; MediaNama; Inc42. Verified 11 Oct 2026.

Registered doesn’t mean every product is available

Registration says nothing about which products an exchange offers to Indian users. What we found:

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We link only to spot trading for Indian readers. We do not link to futures or copy trading for any Indian reader, whatever an exchange offers. Futures and copy trading use leverage, and you can lose your whole margin quickly.

Incidents at Indian and India-serving exchanges

Registration does not prevent incidents. These come from exchange statements and press reports.

WazirX (not a pick; we do not link to it). WazirX paused trading and INR and crypto withdrawals on 18 Jul 2024 after a hack of a multisig wallet (approximately $234 million, a press figure). Its parent company went through a restructuring in Singapore: the Singapore High Court rejected the first scheme on 4 Jun 2025, creditors approved a revised scheme in August 2025, and the court sanctioned it on 13 Oct 2025. WazirX relaunched in phases from 24 Oct 2025. WazirX said Recovery Tokens for the unpaid part of claims were credited to eligible users on 9 Jan 2026; they were not tradable at that time. Reported recovery percentages differ by source, so we do not print one. We do not list WazirX as a pick while creditors’ claims remain partly unpaid. Cointelegraph; Business Standard; verified 10 Oct 2026.

Mudrex. Mudrex paused crypto withdrawals from 11 Jan 2025, saying the pause would last until 28 Jan 2025 while it upgraded compliance systems. We have not verified the date withdrawals resumed. No 2026 incident found. Cointelegraph, verified 10 Oct 2026.

For incidents at other exchanges, see our incident tracker. If your own account is frozen, see what to do, in order.

Tax note

1% TDS applies to VDA transfers (Section 194S of the Income-tax Act, 1961 until 31 March 2026; Section 393(1), Table Sl. No. 8(vi) of the Income-tax Act, 2025 from 1 April 2026; rates and thresholds unchanged). Gains are taxed at 30% plus surcharge and cess (Section 115BBH of the 1961 Act; equivalent provision of the Income-tax Act, 2025 from 1 April 2026). The 1% rate itself is stated by exchanges and tax guides; the Income Tax Department says TDS rates and thresholds were kept unchanged under the 2025 Act. For which exchanges say they deduct TDS for you, see the tax section of our India guide.

This is not tax advice; ask a chartered accountant.

How to check an exchange yourself

1. Look for an FIU-IND order or the exchange’s own registration statement. An FIU penalty order names the company and the date; an exchange’s own statement is weaker evidence.
2. Check the notice lists. If the platform was named in the 28 Dec 2023, 1 Oct 2025 or 9 Sep 2026 announcements and you find no later registration, treat it as unregistered.
3. Read the exchange’s restricted-countries page. If India is listed, the exchange itself does not serve India.
4. Check how rupees move. Indian exchanges take INR directly; global exchanges mostly route rupees through P2P.

We do not cover ways to bypass restrictions, including VPNs.

For one exchange in depth, see our Binance review and Bybit review.

How we built this page

This page is Researched (not tested). We research exchanges’ official pages and regulator records and keep every figure in a dated data sheet. We do not open accounts or move funds, and we do not give exchanges an overall score.

For this page we used FIU-IND’s published circulars and penalty orders, India’s Ministry of Finance announcements (read through republications), the exchanges’ own registration statements, restricted-country pages and incident reports, and press reports where no official page was available, each labelled above. Figures were verified on 10 and 11 Oct 2026. We update this page when a new FIU order, notice round or exchange announcement appears. Read how we review exchanges.

Crypto assets are volatile and you can lose all the money you put in. Nothing on this site is financial advice. Risk warning