Key facts
- Coinbase has launched direct INR deposit and withdrawal rails in India.
- Transactions will be facilitated using India's Immediate Payment Service (IMPS).
- Users can now bypass peer-to-peer trading for fiat on-ramps.
- Coinbase previously exited India but re-entered in 2025 with FIU approval.
- The exchange is investing in India's digital asset ecosystem.
Coinbase's expansion into India with direct INR banking support is a significant step for the cryptocurrency exchange as it aims to capture a larger share of the Indian market. Previously, Coinbase faced challenges in India, leading to a discontinuation of services. This new integration, utilizing India's IMPS, aims to provide a smoother on-ramp experience for retail traders, which is crucial for market participation. The move also highlights Coinbase's broader investment in the Indian digital asset ecosystem.