Coinbase has officially launched its India operations, introducing direct INR deposits and withdrawals through the Immediate Payment Service (IMPS). The move removes the need for peer-to-peer (P2P) funding methods and intermediaries, making it easier for Indian users to transfer funds between their bank accounts and the exchange.
This marks Coinbase’s biggest step into India since its 2022 launch faced regulatory hurdles shortly after introducing UPI payments.
For years, many Indian traders relied on P2P transfers or third-party payment methods to access global crypto platforms. However, these options often came with delays, payment disputes, scam risks, and occasional bank account freezes.
Now, Coinbase users can fund their accounts directly through IMPS. As a result, the process becomes faster, easier, and more secure.
Alongside INR banking support, Coinbase has rolled out a full suite of trading products for Indian customers. Users can access spot trading and perpetual futures on major cryptocurrencies.
In addition, the exchange has introduced dedicated INR order books. This gives traders local liquidity while still benefiting from Coinbase’s global marketplace. According to the company, this setup can improve pricing and reduce slippage.
More experienced traders can also use Coinbase Advanced, which includes:
Coinbase also says INR deposits will be free, while trading fees will remain competitive with local exchanges.
Coinbase has registered with India’s Financial Intelligence Unit (FIU-IND) and says it follows local crypto regulations and tax requirements.
At the same time, the company continues to emphasize security. Most customer assets remain in cold storage, and Coinbase serves as a custody provider for BlackRock and several large asset managers.
Coinbase says it sees India as one of the world’s most important crypto markets. APAC Head John O’Loghlen highlighted the country’s strong developer community, rising blockchain adoption, and growing interest in digital assets.
The company has already invested in CoinDCX. It has also contributed more than $1 million to India’s blockchain ecosystem through grants, fellowships, and hackathons connected to its Base platform.
Overall, Coinbase is making it clear that its India expansion is more than just a product launch. With direct INR banking, local liquidity, futures trading, regulatory compliance, and ongoing ecosystem investments, the company is positioning itself for long-term growth in one of crypto’s fastest-growing markets.
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