Coinbase is rolling out direct Indian rupee (INR) deposit and withdrawal capabilities for users in India, expanding local access to its platform. The company says it has switched on INR bank transfers through India’s IMPS payments system, allowing customers to move funds between their local bank accounts and the exchange. Coinbase also implements INR order books designed to provide dedicated liquidity for trading in the country. Reports describe the move as part of Coinbase’s effort to better serve India’s growing crypto retail market, with coverage noting the launch covers both spot trading and derivatives access, including perpetual futures (“perps”). Multiple outlets state the rollout follows regulatory clearance, including a nod from India’s FIU (Financial Intelligence Unit), which enables the exchange to operate the new rupee rails. Taken together, the coverage indicates Coinbase is adding local-currency onboarding and liquidity infrastructure to reduce friction for Indian traders while keeping trading options aligned with its spot and futures offerings.
Coinbase launches Indian rupee bank transfer rails for spot and futures trading
Coinbase is rolling out direct Indian rupee (INR) deposit and withdrawal capabilities for users in India, expanding local access to its platform. The company says it has switched on INR bank transfers...
- Coinbase enables direct INR deposits and withdrawals for customers in India via IMPS bank transfers.
- The launch applies to both spot trading and futures/perpetuals access.
- Coinbase sets up INR order books to provide dedicated liquidity for trading in India.
- The rollout follows regulatory clearance, including an FIU-related approval referenced by outlets.
- The initiative is positioned as an expansion to support Indian retail access to crypto trading.
The U.S. exchange has established direct rupee trading rails for Indian customers after securing regulatory clearance.
2 months agoCoinbase has switched on direct rupee bank transfers in India via IMPS, letting users move funds between local bank accounts and the exchange for spot and futures trading.
2 months agoThe Nasdaq-listed company said it has established INR order books to provide dedicated liquidity for users in the country.
2 months agoCoinbase announces INR rails to make the platform fully accessible to Indian retail traders.
2 months ago
Céline Dion returns to Paris ahead of first major concerts since stiff-person syndrome diagnosis
Céline Dion makes her first public appearance in about two years as she arrives in Paris, greeting fans outside a hotel...
All eyes on Fed Chair Kevin Warsh at Jackson Hole as markets parse his first speech
Federal Reserve Chair Kevin Warsh is set to deliver his first Jackson Hole speech at the annual economic symposium in Wy...
Warsh says Fed may have more work if inflation stays above target
US central bank official Kevin Warsh says the Federal Reserve has “work to do” if inflation remains persistently above i...