Coinbase has expanded its services in India by introducing direct Indian rupee (INR) deposits and withdrawals, making it easier for local users to buy, sell, and trade cryptocurrencies through the platform.
With the new feature, customers can transfer INR directly between their bank accounts and Coinbase using the Immediate Payment Service (IMPS). This removes the need for peer-to-peer funding methods or third-party payment solutions that many users previously relied on.
The update also gives Indian customers access to a wider range of trading options. Users can now trade cryptocurrencies in spot markets, use perpetual futures on major digital assets, and access dedicated INR trading pairs designed specifically for the Indian market.
Coinbase said the new system allows users to deposit rupees from their bank accounts, trade digital assets on the platform, and then withdraw funds back to their bank accounts through the same payment network. Existing users will gain access to INR support as the rollout continues.
The company emphasized that it operates under India’s regulatory framework. Coinbase is registered with the Financial Intelligence Unit of India (FIU-IND) and follows local tax regulations, including requirements related to tax deducted at source (TDS) on virtual digital asset transactions.
Coinbase first received FIU registration in March 2025, allowing it to legally offer crypto trading services under Indian compliance rules. Later, in December 2025, the company returned to the Indian market with crypto-only trading after a two-year absence. At that time, users could trade cryptocurrencies but could not deposit or withdraw Indian rupees.
The latest launch completes Coinbase’s planned return to India by adding direct fiat currency support. Along with INR services, users continue to have access to features such as crypto transfers, Simple Trade, Advanced Trade, and Coinbase Wallet.
Despite growing interest in digital assets, India remains one of the world’s most tightly regulated crypto markets. Crypto gains are currently taxed at 30%, and exchanges must comply with strict anti-money laundering requirements. At the same time, the country is still developing a comprehensive regulatory framework for cryptocurrencies.
Coinbase believes India remains one of the most important markets for the crypto industry due to its large pool of blockchain developers, active trading community, and growing interest in digital asset technology.
The addition of direct INR deposits and withdrawals strengthens Coinbase’s position in India and provides local users with a simpler and more convenient way to access cryptocurrency markets while remaining within the country’s regulatory framework.
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