Coinbase has turned on direct rupee rails, giving Indian users a faster way to move money on and off the exchange. From June 1, customers can deposit and withdraw INR from local bank accounts using the Immediate Payment Service, or IMPS. The change removes the need for third‑party apps or peer‑to‑peer workarounds that many traders used after earlier banking pushback.
Coinbase’s India help pages say IMPS transfers settle instantly and work for deposits and withdrawals tied to spot trading, perpetual futures and Coinbase Advanced. Users can link bank accounts, keep INR balances on the platform, and shift into or out of crypto with a few taps. For many retail traders, that setup should feel much closer to using a local exchange.
Spot Markets, Perpetual Futures And Local INR Books
Alongside the banking rails, Coinbase is also turning on spot markets and perpetual futures for major crypto assets in India. The company says Indian users can trade a wide range of coins on basic and advanced screens, all running on the same engine as its global exchange.
More active traders can use Coinbase Advanced, which offers TradingView charts, WebSocket feeds and API access built to institutional standards.
However, Coinbase is not just routing trades into global order books. In its India launch materials, the exchange says it has created dedicated INR order books so customers can trade directly against local rupee liquidity while still tapping global depth when needed. That setup should help narrow spreads on INR pairs and cut slippage on larger orders, especially during busy global sessions.
Compliance, Taxes And A Long-Term India Bet
The exchange registered with India’s Financial Intelligence Unit (FIU‑IND) in 2025 and says the new INR rails fully follow that framework.
In a statement to local media, the company said, “We’re registered with FIU‑IND and comply with all Indian taxation law requirements, because we’re here for the long term.”
Mint reports that Coinbase supports India’s tax rules on virtual digital assets, including tax deducted at source (TDS) where required. The company also notes that INR deposits are free and trading fees aim to match major local exchanges.
As INR rails reach more existing users in the coming weeks, Coinbase says it will keep Indians tied into its global exchange so they can tap worldwide liquidity while funding accounts in their home currency.
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