Key facts
- Coinbase relaunched in India with direct INR deposit and withdrawal capabilities.
Coinbase relaunches in India with direct INR bank transfers
IN SHORT
Coinbase has relaunched in India, now offering direct Indian Rupee (INR) deposits and withdrawals via the IMPS network. The exchange has registered with FIU-IND and plans to offer spot trading and perpetual futures to eligible users, aiming to provide a more accessible and compliant platform.
Key Numbers
$3.04 billionIndia's cryptocurrency market size in 2025
$14.21 billionProjected India crypto market size by 2034
18.66%Projected CAGR for India's crypto market (2026-2034)
Who's Involved
Coinbase
Cryptocurrency exchange relaunching in India with direct INR support
FIU-IND
Financial Intelligence Unit of India, where Coinbase has registered
IMPS
Immediate Payment Service network used for INR transfers
↳ Why This Matters
India is a significant market for cryptocurrency adoption, consistently ranking high in global adoption indices. Coinbase's re-entry with direct INR payment rails and advanced trading features aims to enhance accessibility and competitiveness. This move could offer a safer alternative for local users compared to previous peer-to-peer methods, which carried risks associated with third-party fund handling.