Coinbase Introduces Direct Rupee Support For Crypto Users In India, Here’s What You Need To Know

Coinbase has launched direct rupee support for users in India to allow bank-linked deposits and withdrawals through IMPS facility. This step is part of the company’s expansion of its services in the Indian market.

Coinbase said the move aims to simplify the transaction process for Indian users by integrating direct bank transfers through IMPS and remove the need for peer-to-peer (P2P) arrangements or third-party intermediaries. Customers will have access to spot trading across a range of crypto assets, along with perpetual futures contracts on major tokens.

The company has also set up local rupee order books to provide dedicated liquidity for Indian users, while maintaining access to its global exchange.

John O’Loghlen, head of APAC at Coinbase, said: “India has long been one of the most important markets in crypto in terms of developer talent, trading activity, and the broader adoption of Blockchain technology.” He added that with the launch of direct rupee rails, Coinbase aims to make its platform more accessible to Indian retail traders, offering the same services trusted by institutions and traders globally.

Coinbase Platform Features And India Expansion

Coinbase said it stores most of its customers’ cryptos in cold storage and maintains insurance coverage against theft and cybersecurity risks. It also conducts regular audits to meet industry security standards. The company said in a release that its FIU-IND registration ensures that it operates under India’s regulatory framework for virtual digital asset service providers.

Coinbase’s latest launch builds on its existing presence in the Indian ecosystem, including an investment in CoinDCX and more than $1 million deployed through its Base Ethereum Layer 2 network. This support has come through hackathons, grants and fellowships, with over 4,000 Indian builders participating on Base and around 150 projects evolving into start-ups.

The company said trading fees on Coinbase Advanced are competitive compared to local platforms, and has no rupee deposit charges. The platform also offers Coinbase Advanced for advanced traders, with professional tools including institutional-standard APIs and integrated TradingView charts for technical analysis.

How To Start Trading On Coinbase

New users in India can create an account on Coinbase and add money in Indian rupee using IMPS bank transfers. Once the account is funded, they can trade in spot and futures markets and withdraw rupee back to their bank account whenever they want. Existing Coinbase users in India will get rupee support in phases as the feature is slowly rolled out.