Coinbase Launches Direct INR Rails for Indian Retail Traders
Coinbase announced on Monday the launch of direct Indian rupee (INR) rails, allowing Indian customers to deposit and withdraw funds directly from their bank accounts via IMPS starting June 1, 2026. This move eliminates the need for P2P markets or third-party intermediaries, addressing issues like slow transactions, payment scams, and account freezes. In addition to spot markets, Coinbase is introducing perpetual futures and its 'Coinbase Advanced' suite with institutional-grade tools. The exchange has registered with India's Financial Intelligence Unit (FIU-IND) to ensure regulatory compliance, signaling a long-term commitment to the Indian market. India has been a top crypto adopter globally, with the market projected to grow from $3.04 billion in 2025 to $14.21 billion by 2034. Coinbase's initiative builds on previous investments in local exchange CoinDCX and over $1 million funneled into Indian developers.
Key facts
- Coinbase launches direct INR rails via IMPS for Indian users starting June 1, 2026.
- Move eliminates P2P markets and intermediaries, reducing scams and account freezes.
- Platform offers spot markets, perpetual futures, and Coinbase Advanced institutional tools.
- Coinbase registers with FIU-IND to ensure regulatory compliance in India.
- India's crypto market projected to reach $14.21 billion by 2034.