Coinbase Launches Direct INR Deposits and Withdrawals in India, Expanding Crypto Access in 2026

Coinbase has announced a major expansion in India with the launch of direct Indian rupee (INR) payment rails, allowing users to deposit and withdraw funds directly through their bank accounts via the Immediate Payment Service (IMPS). The new feature became available on June 1, 2026, marking a significant step toward simplifying cryptocurrency access for Indian traders and investors.

For years, many crypto users in India relied on peer-to-peer (P2P) transactions and third-party payment intermediaries to fund their exchange accounts. These methods often involved delays, higher risks, and potential issues such as payment fraud or frozen bank accounts caused by suspicious transaction histories. By integrating directly with IMPS, Coinbase aims to provide a safer and more efficient way for users to move funds between their bank accounts and the exchange.

The move comes as India continues to emerge as one of the world’s most important cryptocurrency markets. According to Chainalysis, the country ranked among the leading nations for crypto adoption in 2025 and secured the top position in the Global Crypto Adoption Index. Market research firm Imarc estimates that India’s cryptocurrency market reached $3.04 billion in 2025 and could grow to $14.21 billion by 2034, reflecting strong long-term demand.

In addition to direct INR transfers, Coinbase is expanding its offerings for both retail and advanced traders. Users will have access to spot trading for major digital assets, while perpetual futures contracts will be introduced for more experienced market participants. The Coinbase Advanced platform will also provide institutional-grade trading tools, TradingView integration, and professional APIs. The exchange noted that local INR order books will help deliver dedicated liquidity tailored to Indian traders.

Coinbase’s renewed push into India follows its earlier attempt to enter the market in 2022, which faced challenges related to payment infrastructure. This time, the company has strengthened its regulatory position by registering with the Financial Intelligence Unit of India (FIU-IND), the government agency responsible for monitoring suspicious financial transactions.

John O’Loghlen, Coinbase’s Head of APAC, emphasized that India remains a key market due to its strong developer community, growing trading activity, and increasing blockchain adoption. He stated that the company is committed to the region for the long term and aims to provide Indian users with the same trusted platform used by institutions and traders worldwide.

The latest launch builds on Coinbase’s existing investments in India, including its backing of local crypto exchange CoinDCX and more than $1 million invested in Indian blockchain developers through its Base Layer 2 ecosystem. With direct INR payment support now live, Coinbase is positioning itself to play a larger role in the future growth of India’s digital asset industry.