Strengthening its presence in India, Coinbase has introduced direct INR deposit and withdrawal services, allowing customers to move funds directly between their bank accounts and the platform through IMPS.
With this launch, Indian users no longer need to rely on peer-to-peer (P2P) networks or third-party intermediaries for INR transactions. Customers can now deposit and withdraw funds seamlessly while accessing spot trading across multiple digital assets and perpetual futures contracts linked to major cryptocurrencies.
Coinbase has also established dedicated INR order books to provide local liquidity for Indian users while maintaining access to its global exchange network.
Commenting on the development, John O’Loghlen, Head of APAC, Coinbase, said: “India has long been one of the most important markets in crypto, in terms of developer talent, trading activity, and the broader adoption of blockchain technology. With the launch of direct INR rails, we’re making Coinbase fully accessible to Indian retail traders, with the same platform trusted by institutions and traders around the world. We’re registered with FIU-IND and here for the long term.”
The company stated that its Advanced platform offers several tools designed for experienced traders, including APIs, WebSocket order book streaming, multiple order types, and integrated TradingView charts.
Coinbase also highlighted that INR deposits will carry no fees while users continue to benefit from access to global liquidity. On the security front, the company said the majority of customer digital assets are stored in cold wallets and protected through a dedicated crime insurance policy. Coinbase also publishes audited financial results every quarter.
The latest launch builds on Coinbase’s ongoing investment in India’s blockchain ecosystem. The company is an investor in CoinDCX and has invested more than $1 million in the Indian developer community through hackathons, grants, and fellowship programs via Base, its Ethereum Layer 2 network.
According to Coinbase, over 4,000 developers in India have built projects on Base, with nearly 150 of those projects evolving into startups.
The company said direct INR banking services will be rolled out to existing users over the coming weeks, while new users can register through Coinbase’s official platform.
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