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 PM Modi Hails Indian Diaspora as Pillar of India-New Zealand Ties at Auckland's 'Kia Ora Modi' Community Event

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 Yastika Bhatia Scripts History at Lord's with Landmark Test Century After Remarkable Comeback from Career-Threatening Injury

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 Thailand Restores 30-Day Visa-Free Entry for Indians After Sharp Drop in Tourist Bookings

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

Live Cricket Score

Advertisement

Science & Tech

Ghana Launches Free Microsoft-Certified Digital Skills Program for 2,000 Youth Ghana Launches Free Microsoft-Certified Digital Skills Program for 2,000 Youth
Ghana has launched a fully government-funded eight-month Microsoft-certified digital skills training program for 2,000 youth through a partnership between the...
Bengaluru Startup Secures Fifth Patent for Rare-Earth-Free EV Motor to Reduce India's Dependence on China

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">