Coinbase Adds Direct Rupee Rails as India Crypto Push Expands

heTLDR

• Coinbase has launched direct INR deposit and withdrawal support for Indian users through IMPS bank transfers.
• The exchange said the new rails reduce reliance on P2P markets and third-party payment handlers.
• Coinbase said Indian users can now move funds directly between local bank accounts and the platform.
• The company has registered with FIU-IND as it seeks a long-term presence in India.
• Coinbase is also adding Advanced tools, local INR order books, and perpetual futures for eligible users.

Coinbase has launched direct Indian rupee deposit and withdrawal support for users in India through IMPS bank transfers.

The exchange said the new INR rails went live on June 1, 2026, allowing Indian customers to move money between local bank accounts and the exchange without using peer-to-peer markets or outside payment handlers.

Coinbase Opens Direct INR Access

The Nasdaq-listed exchange said the feature connects users to the Immediate Payment Service, a real-time bank transfer network widely used in India. Through the integration, customers can fund Coinbase accounts in rupees and withdraw rupees back to their bank accounts.

For many Indian crypto users, Coinbase said the change removes a payment process that has often depended on intermediaries. The exchange said peer-to-peer routes can expose users to payment disputes, scam-linked transfers, and account freezes when funds pass through unknown counterparties.

John O’Loghlen, Coinbase’s Head of APAC, said India remains one of crypto’s most important markets because of its developer base, trading activity, and blockchain adoption.

India Remains Key Crypto Market

According to Chainalysis, India ranked first in its Global Crypto Adoption Index and stood among the top APAC markets for crypto use in 2025.

IMARC said India’s cryptocurrency market reached $3.04 billion in 2025. The consulting firm projected the market could reach $14.21 billion by 2034, with an 18.66% compound annual growth rate from 2026 to 2034.

Coinbase said the launch gives Indian retail traders direct access to spot markets for major crypto assets. The company also said Coinbase Advanced will support active traders with TradingView integration, advanced order tools, and APIs.

Advanced Trading Tools Added

Alongside spot trading, Coinbase said it is adding perpetual futures contracts for eligible users. The exchange said local INR order books will support rupee-based trading and dedicated liquidity for Indian customers.

Coinbase described the product as the same platform used by global institutions and professional traders. O’Loghlen said the direct INR rails make Coinbase fully accessible to Indian retail traders.

Coinbase’s earlier India launch in 2022 faced trouble after the National Payments Corporation of India said it was not aware of any UPI arrangement involving a crypto exchange.

This time, Coinbase said it has registered with India’s Financial Intelligence Unit, the national agency that reviews suspicious financial transaction reports.

O’Loghlen said Coinbase is registered with FIU-IND and plans to remain in India for the long term. The company said its local work also includes an investment in CoinDCX and more than $1 million in support for Indian developers building on Base.

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