In brief
Coinbase has launched direct Indian rupee deposit and withdrawal rails through India's Immediate Payment Service.
The exchange has established dedicated INR order books for local currency trading.
India ranks first globally in crypto adoption, with the market projected to reach $14.21 billion by 2034.
Coinbase has launched direct INR banking rails in India that route deposits and withdrawals through the country’s Immediate Payment Service (IMPS), eliminating the need for the peer-to-peer intermediaries and simplifying the onboarding process for local users.The exchange has established dedicated INR order books that allow Indian users to trade directly in rupees without converting through stablecoins or other intermediary assets. Coinbase also rolled out perpetual futures contracts covering major cryptocurrencies, providing Indian traders access to leveraged instruments that have driven volume on competing regional platforms.
