Coinbase Enters India with Direct Rupee Support and Futures Trading

Coinbase has made a significant entry into the Indian market with the launch of its services. As part of this expansion, users can now deposit and withdraw Indian rupees (INR) directly via Instant Money Transfer System (IMPS). This development is expected to boost the adoption of cryptocurrencies in the country.

The exchange has introduced direct INR payments and withdrawals, which will be settled in real-time into user balances. This feature aims to maximize capital efficiency for users. Additionally, Coinbase offers perpetual futures contracts covering major crypto assets, allowing Indian users to trade with local currency order books.