Coinbase has introduced direct Indian rupee (INR) payment rails for users in India, marking another step in the crypto exchange’s expansion across Asia and strengthening its presence in one of the world’s fastest-growing digital asset markets.
The new service allows customers to deposit and withdraw INR directly through their bank accounts using India’s Immediate Payment Service (IMPS). The move removes the need for peer-to-peer payment channels or third-party intermediaries, simplifying access to crypto trading for local users.
Coinbase is now live in India with direct INR rails.
Users across India can now seamlessly access global liquidity and institutional-grade execution at the lowest total cost of trading in the market.
Making access to the future of finance easier than ever. pic.twitter.com/39yuijyibQ
— Coinbase 🛡️ (@coinbase) June 1, 2026
Coinbase adds direct banking access for Indian users
The launch comes months after Coinbase secured registration with India’s Financial Intelligence Unit (FIU-IND), a key requirement for crypto firms operating in the country.
According to the company, Indian customers can now move funds between their bank accounts and Coinbase accounts more efficiently through direct banking rails. Coinbase has also introduced INR trading pairs and dedicated order books to improve liquidity for users trading digital assets with the local currency.
The exchange said the new infrastructure is designed to make crypto transactions faster and more accessible while offering a smoother experience for retail and professional traders.
Pro-grade trading and institutional API access
Beyond spot trading, Coinbase continues to offer perpetual futures contracts linked to major cryptocurrencies for eligible users in India. The platform also provides advanced trading features through Coinbase Advanced, including institutional-grade APIs and WebSocket order book streaming for professional and high-volume traders.
John O’Loghlen, Coinbase’s Head of Asia-Pacific, said India remains one of the most important crypto markets globally due to its large developer community, growing trading activity, and increasing adoption of blockchain technology.
$1M+ investment fueling India’s developer ecosystem
Coinbase has been steadily rebuilding its presence in India after facing regulatory challenges that led to a market exit several years ago. The company resumed onboarding users and relaunched its services in late 2025, signaling renewed confidence in the country’s evolving crypto sector.
The exchange has also backed the local ecosystem through investments in Indian crypto platform CoinDCX and funding initiatives tied to Base, Coinbase’s Ethereum Layer-2 network. Coinbase said it has invested more than $1 million in India’s builder community, with over 4,000 developers building on Base and around 150 projects growing into startups.
India’s crypto activity is thriving, making it the global leader in crypto adoption for the third consecutive year, ahead of countries like the U.S., Pakistan, the Philippines, and Brazil, according to an October report from TRM Labs.
In parallel news, Coinbase’s Nasdaq-listed shares closed up 3.72% at $189.03 on Friday, although the stock’s value has decreased by 30.7% over the past six months.
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