Headline: Coinbase goes all-in on India — launches direct INR rails via IMPS, expands product suite for retail and pro traders Nasdaq-listed Coinbase announced a major push into India on Monday: beginning June 1, 2026 the exchange will enable direct deposits and withdrawals in Indian rupees (INR) using the Immediate Payment Service (IMPS). The move lets Indian customers transfer funds between their local bank accounts and Coinbase without relying on third-party intermediaries or peer-to-peer (P2P) workarounds. Why it matters - For years many Indian crypto users have relied on P2P markets or intermediaries to fund accounts — a process that can be slow and expose users to scams or account freezes when banks flag payments from unknown counterparties. Direct IMPS rails remove those intermediaries and streamline on- and off-ramps. - India is a high-priority growth market for crypto. Chainalysis ranked the country first in its Global Crypto Adoption Index, and Coinbase points to India’s deep developer talent, trading activity and blockchain adoption. Consulting firm Imarc says the Indian crypto market was $3.04 billion in 2025 and forecasts it will grow to $14.21 billion by 2034 (CAGR 18.66% from 2026–2034). Products and local liquidity Coinbase’s rollout is not limited to retail spot trading of major assets. The exchange will offer perpetual futures contracts and a “Coinbase Advanced” suite oriented to professional and institutional users — complete with TradingView integration and developer-grade APIs. Crucially, Coinbase is building local INR order books so users trade against domestic liquidity rather than being priced solely off global markets. Regulatory groundwork Coinbase’s return to the market follows earlier friction: when it first opened to Indians in 2022, the National Payments Corporation of India (NPCI) — which runs UPI — disavowed any UPI arrangement with a crypto exchange. This time Coinbase has registered with the Financial Intelligence Unit—India (FIU-IND), signaling a commitment to compliance and a long-term presence in the country. Local investments and ecosystem support The launch builds on prior, quieter investments: Coinbase is an investor in Indian exchange CoinDCX and has directed over $1 million to Indian developers through its Base Layer 2 network. “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,” said John O’Loghlen, Coinbase’s Head of APAC. “With the launch of direct INR rails, we're making Coinbase fully accessible to Indian retail traders, with the same platform trusted by institutions and traders around the world. We're registered with FIU-IND and here for the long-term.” Bottom line: By adding IMPS-enabled INR rails, local order books, pro-grade tools and a compliance push, Coinbase is positioning itself to capture a larger share of India’s fast-growing crypto market — and to offer Indian users a safer, faster route in and out of crypto. Read more AI-generated news on: undefined/news