Coinbase Expands Services in India with Direct Rupee Deposits

Coinbase has expanded its services in India with the launch of direct Indian rupee deposits and withdrawals, providing a more streamlined experience for local users.

The new feature allows Indian customers to deposit and withdraw INR directly on Coinbase, trade spot markets across supported crypto assets, and access perpetual futures contracts on major cryptocurrencies. The exchange has also built local INR order books for Indian users, which is expected to reduce reliance on thin conversion routes and improve the trading experience.

The launch marks Coinbase's strongest push into the Indian market since it rebuilt its local access strategy after earlier friction. The new feature is expected to increase competition among crypto exchanges in India, where users have long sought direct banking and credible compliance from their exchange providers.