Coinbase Ceases Rupee Withdrawals In India After Banking Outage

Cryptocurrency exchange Coinbase has stopped rupee withdrawals in India after a banking partner faced a technical outage. The disruption has prevented users from transferring money held on the exchange to their bank accounts. The problem has reportedly lasted for more than five days, with no confirmed date for the restoration of withdrawal services. Coinbase has clarified that customer funds are safe and that the issue is limited to bank payouts.

Withdrawals Hit By Banking Outage

In an update on social media platform X on November 14, 2026, Coinbase India said that the problem was linked to an outage at its banking partner. The bank’s payout services have also been affected for its other clients.

While withdrawals are unavailable, users can still deposit money into their Coinbase accounts through supported payment methods, including the Unified Payments Interface (UPI). Bank account linking and rupee deposits are also working normally.

The exchange is working with its banking partner to restore withdrawals. However, Coinbase has not provided any timeline for when customers will be able to transfer money to their bank accounts again.

This disruption has caused a stir among users, with some reporting that their withdrawal requests have been pending for more than five days. Some customers have also called for the exchange to work with other banks so that such problems do not leave users without access to their money for long periods.

Coinbase Added Direct Rupee Transfers In June

The latest disruption comes months after Coinbase expanded its services in India in June 2026. The exchange launched the rupee deposit and withdrawal service as well as spot and perpetual futures trading.

It is also linked with India’s Immediate Payment Service (IMPS) which allows direct transfers between banks and the exchange. The idea behind the facility was to minimise the need for third parties and peer-to-peer (P2P) transactions.

Coinbase has also tied up with the Financial Intelligence Unit-India (FIU-IND) to comply with the regulatory requirements.

Unocoin And ZebPay Also Face Problems

Coinbase is not the only cryptocurrency exchange facing banking-related issues in India. Unocoin reportedly stopped both deposits and withdrawals on November 9, 2026. The exchange has not provided a date for when these services will resume.

ZebPay also informed customers on November 11 about delays in rupee withdrawals due to technical problems at its banking partner. However, its withdrawal facility is still working, although transactions are taking longer to process.