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Coinbase has enabled direct rupee bank rails in India, making it easier for local customers to move money between bank accounts and crypto markets on the exchange as the company deepens its push into one of the world\u2019s fastest-growing digital asset markets. <\/p>\n
Indian users can now deposit and withdraw Indian rupees via the Immediate Payment Service (IMPS) instant payments network and access spot markets, perpetual futures and the company\u2019s Advanced Trade interface through a single platform, according to a company blog post<\/a> published Sunday.<\/p>\n The move marks Coinbase\u2019s latest push to expand its presence in India since a troubled 2022 debut and follows the company\u2019s registration<\/a> with India\u2019s Financial Intelligence Unit, giving it a formal regulatory footing in the market. <\/p>\n In 2022, Coinbase briefly supported Unified Payments Interface (UPI)-based rupee deposits before halting<\/a> them days after launch, after payments authorities distanced themselves from crypto use of the network and partners stopped enabling UPI for the exchange. <\/p>\n Related: <\/strong><\/em>Coinbase brings global crypto derivatives markets to US institutional clients<\/strong><\/em><\/a><\/p>\n Coinbase registered with India\u2019s Financial Intelligence Unit in March 2025, a step the company said enables it to offer crypto trading services in India under the country\u2019s Anti-Money-Laundering (AML) framework.<\/p>\n Coinbase is wading into a crowded but strategically important arena, where domestic platforms such as CoinDCX, CoinSwitch, ZebPay and WazirX already serve Indian traders.<\/p>\n Chainalysis Global Crypto Adoption Index, 2025. Source: <\/em>Chainalysis<\/em><\/a><\/p>\n Global exchanges such as Binance and KuCoin are also widely used, but have largely relied on crypto-only or peer-to-peer rupee access<\/a>, rather than the kind of direct, IMPS-based bank rails Coinbase is now offering. <\/p>\n With rupee deposits and withdrawals now live, Coinbase is providing Indian users direct bank-to-crypto transfers in addition to spot trading, perpetual futures and its Advanced Trade platform, and says it has built local INR order books for concentrated domestic liquidity alongside access to its global exchange.<\/p>\n India has emerged as a key prize for global exchanges despite policy headwinds, including a 30% tax<\/a> on many digital asset gains and a 1% tax deducted at source on certain transactions.<\/p>\nIndia first in global crypto adoption index<\/h2>\n