Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch
The exchange said customers can deposit and withdraw rupees through bank transfers and access spot trading, perpetual futures and institutional tools.
- On Monday, June 1, 2026, Nasdaq-listed Coinbase launched direct INR rails, allowing Indian customers to deposit and withdraw rupees directly from their bank accounts via the Immediate Payment Service .
- By integrating directly with IMPS, Coinbase bypasses risky Peer-to-Peer markets and third-party intermediaries that previously exposed users to payment scams and account freezes; FIU-IND registration ensures long-term regulatory compliance.
- Beyond basic spot trading, the platform introduces perpetual futures and Coinbase Advanced suite featuring TradingView integration and APIs, with local INR order books providing dedicated liquidity separate from global prices.
- John OLoghlen, Coinbase's Head of APAC, said "India has long been one of the most important markets in crypto," as Chainalysis data ranked the country first in the Global Crypto Adoption Index.
- While India levies a 30 per cent tax on crypto trading gains, Coinbase has funneled over $1 million into Indian developers through its Base Layer 2 network, signaling sustained commitment despite regulatory headwinds.
33 Articles
33 Articles
US-based Coinbase offers trading using Indian rupee
US-listed cryptocurrency exchange Coinbase is allowing users in India to make trades using the rupee, marking a key expansion of its services in Asia’s third-largest economy. Customers can deposit and withdraw rupees through the so-called immediate payment service channel, the company said on Monday. They will also have access to spot trading across a range of assets, alongside perpetual futures contracts covering major crypto assets, the compan…
Coinbase launches in India with direct INR support: How to deposit rupees, trade crypto and withdraw funds
Coinbase has launched operations in India, allowing users to deposit and withdraw Indian Rupees directly. This eliminates the need for peer-to-peer transactions, and users can trade various crypto assets with local order books and advanced trading tools.
India is our North Star: Coinbase’s John O’Loghlen on market re-entry and expansion
Coinbase will be rolling it out its global offerings in India over the coming months aligning with its ‘Everything Exchange’ strategy. Some of these features include tokenized equities, decentralised exchange, DeFi lending and borrowing -- all through its retail app.
Coinbase Expands India Presence With INR Payment Rails
Key Insights Coinbase launched direct INR deposit and withdrawal support in India through IMPS. The exchange now offers spot trading, perpetual futures, and local INR order books. The company is registered with FIU-IND and operates under Indian compliance rules. Coinbase has launched direct Indian rupee deposit and withdrawal support for users in India, giving local customers a way to move money between Indian bank accounts and the exchange thr…
Coinbase Takes Next Step In India With Direct INR Support
Cryptocurrency exchange Coinbase has launched direct deposit and withdrawal rails for the Indian Rupee (INR), continuing its push into India. Coinbase Users In India Can Now Make Direct INR Netflows According to a website announcement, Coinbase has expanded its offerings in India, allowing users to directly interact with the platform through the nation’s official fiat currency: the INR. Indian users can now use the platform’s fiat rails to depos…
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