- Indian users can now deposit and withdraw INR via IMPS, eliminating the need for peer-to-peer payment workarounds.
- Coinbase offers dedicated INR order books alongside access to spot markets and perpetual futures trading products.
- The rollout follows Coinbase’s FIU-IND registration and compliance with India’s crypto tax and reporting requirements.
Coinbase has launched direct Indian rupee deposit and withdrawal services in India, expanding access for retail crypto traders through local banking rails. According to Coinbase, Indian users can now move INR through IMPS, trade spot markets and perpetual futures, and access dedicated local order books. The rollout follows the company’s registration with FIU-IND and compliance with India’s taxation requirements, removing the need for peer-to-peer workarounds.
Direct INR Access Goes Live
The latest launch allows Indian customers to deposit and withdraw INR directly from bank accounts using IMPS. According to Coinbase, users no longer need intermediary payment methods or peer-to-peer settlement systems.
From the same platform, customers can access spot trading across multiple crypto assets. They can also trade perpetual futures tied to major digital assets.
Coinbase said it built dedicated INR order books for Indian users. At the same time, customers continue to access liquidity from the company’s global exchange network.
As a result, Indian traders now have a direct connection between local banking services and crypto markets.
Coinbase Expands India Presence
The launch follows several years of investment in India’s digital asset ecosystem. According to Coinbase, it holds an investment in CoinDCX and has supported blockchain development through Base, its Ethereum Layer 2 network.
Coinbase said it has committed more than $1 million to India’s builder community through grants, fellowships, and hackathons. The company added that more than 4,000 builders have developed projects on Base.
Furthermore, Coinbase sponsored Indian founders and students through programs including Network School in Malaysia. It also supported startup teams participating in demo events in New York and San Francisco.
Meanwhile, the company stated that it registered with FIU-IND and complies with Indian tax regulations.
Trading Tools and Market Features
Alongside banking access, Coinbase introduced advanced trading functionality for Indian customers. According to the company, Coinbase Advanced includes institutional-grade APIs, WebSocket order book streaming, and multiple order types.
TradingView charting is also integrated into the platform. Additionally, Coinbase said INR deposits carry no deposit fees.
The company stated that users can complete the entire process through a single workflow. Customers can deposit INR, trade spot or futures products, and later withdraw funds directly back to their bank accounts.
According to Coinbase, the new service aims to provide Indian traders with direct access to local currency transactions alongside its existing global exchange infrastructure.