Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch
Coinbase is launching direct INR deposit and withdrawal rails in India using the IMPS system to facilitate easier crypto trading. This move aims to reduce reliance on risky P2P intermediaries and improve the user experience for Indian retail traders.
Why it matters
This represents a significant shift in how Indian retail investors access global crypto exchanges, potentially increasing market participation and security.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch Coinbase announces INR rails to make the platform fully accessible to Indian retail traders. By Omkar Godbole | Edited by Aoyon Ashraf May 31, 2026, 11:30 p.m. 3 min read Make preferred on John O Loghlen, Coinbase’s Head of APAC. (Coinbase) What to know : Coinbase is launching direct INR deposit and withdrawal rails via IMPS starting June 1, removing reliance on P2P and intermediaries. The move reduces friction and scam risk for Indian users while enabling seamless bank-to-crypto transfers on a regulated platform. Coinbase is pairing the rollout with spot and perpetual futures trading, plus local INR liquidity, while signaling a long-term commitment through FIU registration. Nasdaq-listed Coinbase exchange announced Monday a major market move: the launch of direct rails for Indian rupees (INR).
The article reports on a business development neutrally, focusing on the functional benefits for users.
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