Coinbase launches Rupee deposits and withdrawals in India

Coinbase has launched support for Indian Rupee (INR) deposits and withdrawals, marking a significant move into the country's cryptocurrency market, CoinDesk reported. Effective June 1, users in India can now directly transfer funds between their bank accounts and Coinbase accounts using the Immediate Payment Service (IMPS). This development offers a more streamlined trading experience for Indian investors, who previously had to rely on peer-to-peer (P2P) transactions or third-party intermediaries to fund their accounts. The Indian cryptocurrency market is estimated to be worth approximately $3.04 billion as of 2025 and is projected to grow to $14.2 billion by 2034.