Indian customers can now deposit and withdraw INR via IMPS, with access to spot and perpetual futures trading
Coinbase (NASDAQ: COIN), a member of the S&P 500, today launched direct INR rails for customers in India. Indian customers can now deposit and withdraw INR directly from their bank accounts via IMPS, without reliance on P2P rails or intermediaries. Coinbase is registered with FIU-IND and fully compliant with Indian laws.
Customers have access to spot trading across a range of assets, alongside perpetual futures contracts covering major crypto assets. Coinbase has built local INR order books that provide dedicated liquidity for Indian customers, with continued access to its global exchange.
“India has long been one of the most important markets in crypto, in terms of developer talent, trading activity, and the broader adoption of blockchain technology,” said John O’Loghlen, Head of APAC, Coinbase. “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 around the world. We’re registered with FIU-IND and here for the long term.”
Coinbase Advanced offers professional-grade tools for customers seeking advanced functionality, including APIs built to institutional standards, WebSocket order book streaming, and a full range of order types. TradingView charting is integrated for customers who prefer a discretionary approach. Taker fees are competitive when benchmarked against local platforms, with no deposit fees on INR. Deep global liquidity supports tighter spreads and lower slippage relative to thinner local order books.
Coinbase holds the majority of customer crypto in cold storage, maintains a dedicated crime insurance policy, and is regularly audited against industry security standards. The company publishes audited financials quarterly and is the custody partner for BlackRock and roughly a third of the world’s largest asset managers. Its FIU-IND registration means Coinbase operates under the compliance framework established for virtual digital asset service providers in India.
The launch builds on several years of investment in the Indian ecosystem. Coinbase is an investor in CoinDCX, one of India’s leading crypto exchanges. Through Base, Coinbase’s Ethereum Layer 2 network, the company has invested over $1 million in the Indian builder community through hackathons, direct grants, and fellowships. More than 4,000 builders in India have built on Base, with around 150 projects growing into startups.
Existing Coinbase users will see INR rails rolled out over the coming weeks. New users can create an account at coinbase.com
