Coinbase Expands in India with Direct INR Deposits and Withdrawals

Coinbase has expanded its presence in India by enabling direct deposits and withdrawals in Indian rupees (INR). This move marks a significant milestone in the exchange's efforts to establish itself in one of the world's fastest-growing cryptocurrency markets.

The rollout allows Indian customers to transfer funds directly between their bank accounts and Coinbase through the Immediate Payment Service (IMPS), eliminating the need for peer-to-peer workarounds or third-party intermediaries. The launch comes after Coinbase secured registration with India's Financial Intelligence Unit (FIU-IND), ensuring compliance with the country's regulatory framework.