Coinbase has launched direct Indian rupee deposits and withdrawals in India, giving local users a bank-linked route to trade crypto on its platform. The move expands access.
Summary
- Coinbase added direct INR deposits and withdrawals in India through IMPS after earlier crypto-only access.
- Indian users can now access spot markets, perpetual futures, and dedicated local INR order books.
- Coinbase says FIU-IND registration and Indian tax compliance support its latest market restart plan.
Indian customers can now deposit and withdraw INR through IMPS, according to Coinbase. The service removes the need for peer-to-peer routes or third-party funding steps that some users relied on before.
The company also opened access to spot trading across several crypto assets. Users can trade perpetual futures on major assets and access local INR order books built for Indian customers.
Coinbase said the full flow lets users deposit INR from a bank account, trade on spot or futures markets, and withdraw INR back to the same banking system. The exchange said existing users will receive INR support as the feature rolls out.
FIU registration frames the rollout
Coinbase said it is registered with India’s Financial Intelligence Unit and follows Indian tax rules. The company said this includes tax deducted at source requirements for virtual digital asset transactions.
“We registered with FIU-IND and comply with all Indian taxation law requirements,” Coinbase said in its launch note. The exchange said it plans to serve Indian users for the long term.
Coinbase secured its FIU registration in March 2025. The company said at the time that the registration allowed it to offer crypto trading services in India under the local compliance framework.
Coinbase’s return to India unfolds in phases
As previously reported by crypto.news, Coinbase reopened India access in December 2025 with crypto-only trading after a two-year pause. At that time, Indian users could not deposit or withdraw rupees.
The latest rollout changes that setup. Coinbase now supports direct INR movement through IMPS, while still giving users access to its global exchange and advanced trading tools.
The earlier return gave users access to crypto transfers, Simple Trade, Advanced Trade, and Coinbase Wallet. The INR launch adds the missing fiat route that Coinbase had planned for 2026.
India remains a strict crypto market
India requires crypto exchanges to follow anti-money laundering rules. Reuters reported that the country also applies a 30% tax on crypto gains, while a full crypto rulebook has not yet been set.
“India has long been one of the most important markets in crypto,” John O’Loghlen, Coinbase’s regional managing director for Asia Pacific, said. He linked the market to developer talent, trading activity, and wider blockchain use.
The launch gives Coinbase a wider product in India than its earlier crypto-only access. It also places the exchange back in a market where strict taxes, compliance checks, and local payment access continue to shape crypto trading.
