Coinbase Launches Direct INR Support for Indian Users
Coinbase has launched in India, marking a significant expansion into one of the world's fastest-growing digital asset markets. The move allows Indian investors to deposit and withdraw funds directly in Indian Rupees through Immediate Payment Service (IMPS), eliminating the need for peer-to-peer arrangements or third-party intermediaries.
According to Coinbase, this development brings it closer to competing with domestic cryptocurrency exchanges by offering a direct banking channel for Indian users. Apart from INR deposits and withdrawals, users will be able to access spot trading across multiple cryptocurrencies as well as perpetual futures contracts linked to major digital assets.
The company has introduced dedicated Indian Rupee order books designed to improve liquidity and price discovery for Indian traders while maintaining connectivity with Coinbase's global trading ecosystem.