Coinbase, the US-based crypto giant, has announced that users in India can now deposit and withdraw funds directly in Indian rupees (INR) as of June 1, 2026. Through this move, Indian customers will no longer need third party or peer-to-peer intermediaries—funding and withdrawals can be made instantly via IMPS, the country’s interbank payment system. This new feature marks Coinbase’s push to reestablish itself in one of the world’s fastest-growing cryptocurrency markets.
Direct INR transactions live for Indian users
With the newly launched system, Indian users can now conduct instant rupee transfers using their local banking infrastructure. According to the company’s statement, deposits and withdrawals are supported directly in INR, streamlining the bridge between traditional bank accounts and digital asset operations.
Coinbase highlighted that its Indian customers can instantly deposit funds to their accounts via IMPS, and enjoy seamless access to both spot and perpetual markets from day one.
Coinbase, listed on the US stock exchange, provides trading, custody, and infrastructure solutions for both retail and institutional clients worldwide. In its India relaunch, the platform introduced spot and perpetual trading options that operate natively with the local currency order books, aiming to enhance accessibility and functionality for Indian residents.
Mini glossary: IMPS is India’s real-time interbank electronic payment system, enabling instant money transfers. FIU-IND is the country’s Financial Intelligence Unit, which monitors and tracks suspicious financial activity for anti money laundering enforcement.
A unified platform for spot and perpetual trading
In addition to standard crypto trading, the announcement revealed that Coinbase India is offering perpetual futures contracts for major cryptocurrencies. By launching INR order books, Coinbase aims to build a pool of local liquidity, delivering a more direct trading environment for both retail and institutional traders.
The company also underscored support for professional tools such as API access and WebSocket-based order book integration for institutional clients. Local bank transfers will be reflected in user balances in real time, a feature Coinbase says may significantly improve capital utilization for active traders.
Regulatory compliance and phased rollout
Coinbase officially confirmed that it has completed its registration with India’s Financial Intelligence Unit (FIU-IND). Through this registration, the company aims to operate transparently within the domestic regulatory environment. Adherence to anti money laundering and counter terror financing obligations was listed as a central pillar of this process.
The rollout plan stipulates that new customers in India can open verified accounts and immediately begin using the platform’s services. For existing users, direct INR features will become available progressively. Coinbase stated that over time, those localized tools and functionalities will be extended to its broader Indian user base.
