Coinbase Expands India Push With Direct Rupee Banking Access

• The exchange said that its Indian customers may now utilize the Immediate Payment Service (IMPS) rapid payments network.
• In addition to spot trading, perpetual futures, and its Advanced Trade platform, Coinbase is now offering Indian users direct bank-to-crypto transfers, rupee deposits and withdrawals.

As part of its further expansion into India, one of the world’s most rapidly developing marketplaces for digital assets, Coinbase has allowed direct rupee bank rails, facilitating the transfer of funds between local users’ bank accounts and the cryptocurrency markets on the exchange.

In a blog post published on Sunday, the business said that its Indian customers may now utilize the Immediate Payment Service (IMPS) rapid payments network to deposit and withdraw Indian rupees. Another perk is that users can access spot markets, perpetual futures, and the Advanced Trade interface all from one cohesive platform.

Strategic Move

Following its registration with India’s Financial Intelligence Unit, which provided it with a firm regulatory footing in the market, Coinbase is now making its newest effort to extend its footprint in India. This comes after a difficult start in 2022.

Following payments authorities’ distancing from cryptocurrency usage of the network and partners’ refusal to enable UPI for the exchange, Coinbase temporarily enabled rupee deposits based on the Unified Payments Interface (UPI) in 2022 before terminating support for them days after activation.

According to Coinbase, they were allowed to provide cryptocurrency trading services in India in compliance with the country’s Anti-Money-Laundering (AML) regulations after registering with the Financial Intelligence Unit in March 2025.

With local platforms like CoinDCX, KoinBx, CoinSwitch, ZebPay, and WazirX already catering to Indian traders, Coinbase is entering a crowded but strategically significant field. Binance and KuCoin are two other popular global exchanges, but they don’t provide the direct, IMPS-based bank rails that Coinbase does. Instead, they focus on crypto-only or peer-to-peer rupee access.

In addition to spot trading, perpetual futures, and its Advanced Trade platform, Coinbase is now offering Indian users direct bank-to-crypto transfers, rupee deposits and withdrawals, and the company claims to have built local INR order books for concentrated domestic liquidity in addition to access to its global exchange.

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