Coinbase Expands Indian Footprint with Direct Rupee Bank Rails

Coinbase has made significant strides in expanding its presence in India by launching direct rupee bank rails through the Immediate Payment Service (IMPS) network.

The move enables users to deposit and withdraw Indian rupees directly on Coinbase's platform, eliminating the need for third-party gateways or peer-to-peer mechanisms. This development is seen as a major improvement in user experience, with potential ripple effects across liquidity, competition, and investor confidence in India's crypto markets.