Coinbase has expanded its services in India by allowing customers to trade cryptocurrencies using the Indian rupee, marking a significant step in the company’s efforts to strengthen its presence in one of Asia’s largest digital asset markets.
Read More: Indian rupee crashes amid rising oil prices and outflows
The US-based cryptocurrency exchange announced that users in India can now deposit and withdraw funds in rupees through the country’s Immediate Payment Service (IMPS) network. The move is expected to make access to cryptocurrency trading more convenient for local investors by enabling direct transactions in the national currency.
Coinbase is now live in India with direct INR rails.
Users across India can now seamlessly access global liquidity and institutional-grade execution at the lowest total cost of trading in the market.
Making access to the future of finance easier than ever. pic.twitter.com/39yuijyibQ
— Coinbase 🛡️ (@coinbase) June 1, 2026
In addition to rupee-based transactions, the company said Indian users will have access to spot trading across a range of digital assets as well as perpetual futures contracts linked to major cryptocurrencies.
The expansion follows Coinbase’s return to the Indian market after previously discontinuing its services in 2023. The company resumed crypto trading operations last year after registering with the Financial Intelligence Unit and complying with local anti-money laundering requirements.
John OLoghlen, Coinbase’s regional managing director for the Asia-Pacific region, described India as one of the most important global markets for the cryptocurrency industry. He highlighted the country’s growing developer community, increasing trading activity and broader adoption of blockchain technology.
India remains a major market for digital assets despite regulatory uncertainties. The country imposes a 30 per cent tax on gains from cryptocurrency trading, one of the highest tax rates for digital assets globally. Authorities have also introduced compliance requirements aimed at strengthening oversight of the sector.
However, India has yet to establish a comprehensive regulatory framework governing cryptocurrencies and other digital assets. Industry participants continue to seek greater clarity from policymakers regarding the future of the sector.
Read More: Crypto hacks hit record high as losses reach $2.7bn in 2025
Coinbase’s latest move reflects growing interest among global cryptocurrency firms in expanding their footprint in India, where a large technology-savvy population and increasing interest in blockchain innovation continue to drive demand for digital asset services.