Coinbase launches INR rails for India's crypto market

Coinbase is making a significant move into India's burgeoning cryptocurrency market by introducing direct Indian Rupee (INR) deposit and withdrawal services. Starting June 1, 2026, Indian users can seamlessly transfer funds between their bank accounts and the Coinbase platform via the Immediate Payment Service (IMPS), eliminating the need for intermediaries and reducing scam risks. This initiative aims to simplify crypto access for retail traders and includes the launch of spot and perpetual futures trading with local INR liquidity. Coinbase has also registered with the Financial Intelligence Unit (FIU-IND), signaling a long-term commitment to the region and addressing regulatory concerns.