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.

Read More India Restrict Ireland to 96 All Out in T20 World Cup Clash as Crucial Group Stage Fixtures Await

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.

Read More India’s Foreign Exchange Reserves Scale New Peak, Rise to Record 651.5 Billion Dollars Amid Strong External Stability

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.

Read More Election Commission Announces June 18 Polls for Rajya Sabha and Legislative Council Seats Across States

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.

Tags:

About The Author

Post Comment

Comment List

Latest News

Chenab-Beas Link Tunnel Project a Major Step in National Interest, Says Himachal Governor Kavinder Gupta Chenab-Beas Link Tunnel Project a Major Step in National Interest, Says Himachal Governor Kavinder Gupta
Himachal Pradesh Governor Kavinder Gupta described the Rs 2,620-crore Chenab-Beas Link Tunnel Project as a major national initiative aimed at...
COINBASE LAUNCHES DIRECT INR DEPOSIT AND WITHDRAWAL SERVICES IN INDIA, EXPANDS CRYPTO TRADING ACCESSb
India, Australia Move Toward Defence Co-Production with New Agreement Framework

Live Cricket Score

Advertisement

Science & Tech

 PM Narendra Modi Highlights Civilisational Legacy at Samrat Samprati Museum Inauguration in Gandhinagar PM Narendra Modi Highlights Civilisational Legacy at Samrat Samprati Museum Inauguration in Gandhinagar
Prime Minister Narendra Modi inaugurates the Samrat Samprati Museum in Gandhinagar, highlighting Jain philosophy, India’s civilisational identity, and the role...
Bengal’s Naxalbari Movement: Genesis Of Maoist Menace And Its Enduring Legacy

Health

Coffee-Based Home Remedies Gain Ground as Dermatologists Highlight Natural Skincare Benefits Coffee-Based Home Remedies Gain Ground as Dermatologists Highlight Natural Skincare Benefits
A growing number of dermatologists are endorsing coffee-based home remedies as natural, affordable alternatives to commercial skincare. From face scrubs...
Moringa’s Rise as a Global Superfood Gains Momentum Amid New Research

Lifestyle

 Food Pharmer Sparks Nationwide Debate Over Cheeslings Ingredients, Raises Questions on Food Safety Standards Food Pharmer Sparks Nationwide Debate Over Cheeslings Ingredients, Raises Questions on Food Safety Standards
Food influencer Revant Himatsingka, known as Food Pharmer, has sparked nationwide debate after revealing Cheeslings’ low cheese content and high...
From Gym Floor to City Streets: The Unexpected Revival of the Lopifit Treadmill-Bike
crossorigin="anonymous">