/images/ppid_59c68470-image-178028252896940294.webp)
What is the story about?
Crypto exchange Coinbase has launched direct Indian rupee (INR) deposit and withdrawal services for retail users in India, expanding its presence in one of the world's largest cryptocurrency markets.
The company said Indian customers can now fund and withdraw from their accounts through the Immediate Payment Service (IMPS), enabling direct rupee transactions without relying on peer-to-peer (P2P) mechanisms or intermediaries.
The rollout also gives Indian users access to spot trading across multiple crypto assets and perpetual futures contracts linked to major cryptocurrencies.
Coinbase said it has introduced local rupee order books to provide dedicated liquidity for Indian traders while maintaining access to its global exchange infrastructure.
The move marks the latest step in Coinbase's efforts to deepen its presence in India, a market the company described as important for crypto trading activity, blockchain adoption and developer talent.
According to Coinbase, it has previously invested in the Indian crypto ecosystem, including backing domestic exchange CoinDCX. Through its Ethereum Layer-2 network Base, the company said it has provided more than $1 million in grants, fellowships and hackathons for developers in India. Coinbase said more than 4,000 builders in India have used Base, with around 150 projects evolving into startups.
The company also highlighted initiatives such as supporting Indian founders and students through training programmes and international demo-day events.
"Today, we're taking the next step: making Coinbase fully accessible to Indian retail traders with direct INR support," John O'Loghlen, Regional Managing Director APAC and Country Director Australia at Coinbase, said in a company blog post.
Coinbase said users will be able to access advanced trading features through Coinbase Advanced, including application programming interfaces (APIs), order-book streaming and multiple order types. TradingView charting tools are also integrated into the platform.
The Nasdaq-listed company added that it is registered with India's Financial Intelligence Unit (FIU-IND) and complies with local taxation requirements applicable to virtual digital asset service providers.
Coinbase said the INR support is being rolled out to existing users, while new customers can create accounts and access the service as it becomes available.
The company said Indian customers can now fund and withdraw from their accounts through the Immediate Payment Service (IMPS), enabling direct rupee transactions without relying on peer-to-peer (P2P) mechanisms or intermediaries.
The rollout also gives Indian users access to spot trading across multiple crypto assets and perpetual futures contracts linked to major cryptocurrencies.
Coinbase said it has introduced local rupee order books to provide dedicated liquidity for Indian traders while maintaining access to its global exchange infrastructure.
The move marks the latest step in Coinbase's efforts to deepen its presence in India, a market the company described as important for crypto trading activity, blockchain adoption and developer talent.
According to Coinbase, it has previously invested in the Indian crypto ecosystem, including backing domestic exchange CoinDCX. Through its Ethereum Layer-2 network Base, the company said it has provided more than $1 million in grants, fellowships and hackathons for developers in India. Coinbase said more than 4,000 builders in India have used Base, with around 150 projects evolving into startups.
The company also highlighted initiatives such as supporting Indian founders and students through training programmes and international demo-day events.
"Today, we're taking the next step: making Coinbase fully accessible to Indian retail traders with direct INR support," John O'Loghlen, Regional Managing Director APAC and Country Director Australia at Coinbase, said in a company blog post.
Coinbase said users will be able to access advanced trading features through Coinbase Advanced, including application programming interfaces (APIs), order-book streaming and multiple order types. TradingView charting tools are also integrated into the platform.
The Nasdaq-listed company added that it is registered with India's Financial Intelligence Unit (FIU-IND) and complies with local taxation requirements applicable to virtual digital asset service providers.
Coinbase said the INR support is being rolled out to existing users, while new customers can create accounts and access the service as it becomes available.
