Coinbase Expands in India With Direct INR Transfers for Crypto Traders

A major step forward for India’s cryptocurrency market arrived on June 1 as Coinbase introduced direct Indian rupee (INR) deposit and withdrawal services. The new feature allows users to move funds directly between local bank accounts and their crypto accounts through the Immediate Payment Service (IMPS).

The launch removes the need for peer-to-peer funding methods and third-party payment channels that many traders previously relied on. These alternatives often created delays and exposed users to risks such as payment disputes and frozen bank accounts.

India’s Growing Crypto Market Attracts Global Expansion

India remains one of the fastest growing crypto markets in the world. Industry estimates valued the country’s crypto sector at approximately $3.04 billion in 2025, with projections suggesting it could reach $14.21 billion by 2034.

The platform is offering spot trading alongside perpetual futures contracts. Advanced traders will also gain access to professional tools, including charting integrations, APIs, and local INR liquidity designed to improve trading efficiency.

Regulatory Compliance Signals Long-Term Commitment

The company has also secured registration with India’s Financial Intelligence Unit (FIU-IND), highlighting its commitment to operating within local regulations. According to APAC Head John O’Loghlen, India remains a key market due to its strong developer community, rising blockchain adoption, and growing interest in digital assets.