COINBASE LAUNCHES DIRECT INR DEPOSIT AND WITHDRAWAL SERVICES IN INDIA, EXPANDS CRYPTO TRADING ACCESSb

COINBASE LAUNCHES DIRECT INR DEPOSIT AND WITHDRAWAL SERVICES IN INDIA, EXPANDS CRYPTO TRADING ACCESSb

Coinbase has launched direct Indian Rupee deposit and withdrawal services in India, enabling bank transfers through IMPS and expanding access to spot trading and perpetual futures. The company has also strengthened its commitment to the Indian blockchain ecosystem through investments, developer support programs, and dedicated local liquidity infrastructure.

Coinbase has launched direct Indian Rupee deposit and withdrawal services for customers in India, marking a significant expansion of its operations in one of the world's most important cryptocurrency markets. The move enables Indian customers to deposit and withdraw funds directly from their bank accounts through the Immediate Payment Service (IMPS), eliminating reliance on peer-to-peer payment rails or intermediaries.

With the introduction of direct Indian Rupee payment infrastructure, customers will gain access to spot trading across a broad range of digital assets as well as perpetual futures contracts covering major cryptocurrencies. Coinbase has also established local Indian Rupee order books to provide dedicated liquidity for customers in India while maintaining access to its global exchange network.

John O'Loghlen, Head of Asia-Pacific at Coinbase, emphasized the strategic importance of the Indian market for the company. He stated that India has long been one of the most important markets for cryptocurrency in terms of developer talent, trading activity, and the broader adoption of blockchain technology. He said that the launch of direct Indian Rupee payment rails makes Coinbase fully accessible to Indian retail traders through the same platform trusted by institutions and traders worldwide. He also noted that the company is registered with the Financial Intelligence Unit-India and remains committed to the country for the long term.

Coinbase said its Advanced trading platform is designed for experienced traders and includes a range of professional tools such as application programming interfaces, WebSocket order book streaming, multiple order types, and integrated TradingView charts. The company further stated that it charges no fees for Indian Rupee deposits and provides users with access to global liquidity.

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Highlighting its security framework, Coinbase said that the majority of customer digital assets are held in cold storage. The company also maintains a dedicated crime insurance policy and publishes audited financial results every quarter as part of its transparency and compliance measures.

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The launch builds on Coinbase's multi-year investment in the Indian cryptocurrency and blockchain ecosystem. The company is an investor in CoinDCX, one of India's leading cryptocurrency exchanges. Through Base, Coinbase's Ethereum Layer 2 network, the company has invested more than million in the Indian builder community through hackathons, direct grants, and fellowship programs.

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According to Coinbase, more than 4,000 builders in India have developed projects on Base, with approximately 150 of those projects evolving into startups. The company reiterated that it has invested more than $1 million in the Indian developer ecosystem through hackathons, grants, and fellowship initiatives aimed at fostering innovation and entrepreneurship.

Coinbase said the direct Indian Rupee payment services will be rolled out to existing users over the coming weeks, while new customers can register through the company's platform. The launch represents a major step in expanding cryptocurrency accessibility in India, strengthening local market infrastructure, and deepening Coinbase's long-term commitment to one of the fastest-growing digital asset ecosystems in the world.

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