Coinbase is set to launch INR deposit and withdrawal options in India, enhancing accessibility for retail traders in the $3 billion crypto market.
Coinbase is launching direct deposit and withdrawal options for Indian rupees (INR) starting June 1, 2026, aiming to enhance accessibility for retail traders in India’s burgeoning $3 billion cryptocurrency market.
This new feature will allow users to transfer funds directly from their bank accounts using the Immediate Payment Service (IMPS), eliminating the need for intermediaries and addressing issues related to fraud and transaction delays that have plagued previous methods.
Previously, Indian users relied on Peer-to-Peer (P2P) platforms or third-party services to fund their crypto accounts, which often led to complications and vulnerabilities. With the integration of IMPS, Coinbase looks to simplify the entry into the crypto space.
John O'Loghlen, Coinbase’s Head of APAC, emphasized the significance of India in the global crypto landscape, noting its developer talent and trading activity. In 2025, India was highlighted as a leader in crypto adoption within the APAC region and was projected to see its market value rise to approximately $14.21 billion by 2034, according to Imarc.
Coinbase’s new services will not only cater to novice traders but also include features for more experienced users, such as perpetual futures contracts and advanced trading tools. The platform will establish local INR order books to ensure that users benefit from dedicated liquidity tailored to the Indian market.
In response to regulatory challenges, Coinbase has registered with India’s Financial Intelligence Unit (FIU-IND), indicating its commitment to a long-term presence in the country. This follows previous obstacles encountered during its initial launch in India in 2022, when the National Payments Corporation of India (NPCI) denied any agreement with Coinbase regarding UPI support.
Coinbase has previously invested in local exchanges and has contributed significantly to Indian blockchain development, further establishing its commitment to the market. O'Loghlen stated, "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 globally."
