Coinbase is launching direct Indian rupee deposit and withdrawal rails via IMPS on June 1, 2026, to simplify crypto trading and enhance security for retail users in India.

Key Points

• Coinbase will enable direct INR bank transfers using the Immediate Payment Service (IMPS), removing reliance on P2P intermediaries.
• The platform is introducing spot and perpetual futures trading alongside local INR liquidity to support both retail and professional traders.
• To ensure regulatory compliance, Coinbase has officially registered with India’s Financial Intelligence Unit (FIU-IND).
• The Indian cryptocurrency market is projected to grow from $3.04 billion in 2025 to $14.21 billion by 2034.
• This expansion builds on Coinbase’s existing investments in the Indian ecosystem, including funding for local developers and the exchange CoinDCX.

Why it Matters

This move signals a major shift in how Indian retail investors access digital assets by replacing risky, informal trading methods with a regulated, institutional-grade platform. By securing FIU-IND registration and local banking integration, Coinbase is positioning itself to capture significant market share in one of the world's fastest-growing crypto economies.