What to know:
- Coinbase launched direct INR banking support through India’s payment network.
- Coinbase expanded local services while increasing investment in India’s developers.
- India retained global crypto adoption leadership as competition intensified regionally.
Coinbase has introduced direct Indian rupee banking support for customers in India, marking a significant step in its effort to expand local crypto services. The new feature allows users to deposit and withdraw funds directly through their bank accounts using the Immediate Payment Service.
The update removes the need for peer-to-peer payment channels and third-party intermediaries. As a result, Indian customers can move funds between their bank accounts and Coinbase more directly. The exchange also launched dedicated INR order books to improve liquidity for local traders. Consequently, users can access rupee-based trading pairs through a more streamlined market structure.
According to Coinbase, the latest additions aim to support growing demand from Indian crypto users. The company noted that India remains one of the most active markets for blockchain development and digital asset adoption.
Besides spot trading, Coinbase offers perpetual futures contracts covering major cryptocurrencies for eligible customers in the country. Additionally, traders can access Coinbase Advanced, which provides institutional-grade APIs and WebSocket order book streaming.
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Coinbase Deepens Long-Term Commitment to India
The expansion follows Coinbase’s registration with the Financial Intelligence Unit of India, known as FIU-IND. The agency oversees financial compliance and monitors suspicious transactions across the country.
According to John O’Loghlen, Coinbase’s Head of APAC, India continues to play an important role in the global crypto industry. He cited the country’s developer talent, trading activity, and increasing blockchain adoption as major reasons behind Coinbase’s continued investment.
The company has steadily rebuilt its presence in India during the past year. In December 2025, Coinbase reportedly resumed onboarding customers and reopened access to its platform following a lengthy absence from the market.
Moreover, Coinbase has invested in CoinDCX, one of India’s largest cryptocurrency exchanges. The company has also directed more than $1 million toward India’s blockchain developer ecosystem through Base, Coinbase’s Ethereum Layer 2 network.
Coinbase stated that more than 4,000 developers in India have built applications on Base. Furthermore, around 150 projects have grown into startups, highlighting the country’s expanding blockchain sector.
India Maintains Global Leadership in Crypto Adoption
India’s position in the digital asset industry continues to strengthen. A report released by TRM Labs in October ranked India first in global crypto adoption for the third consecutive year. The country placed ahead of the United States, Pakistan, the Philippines, and Brazil.
The ranking reflects sustained participation from both retail users and blockchain developers. Moreover, India’s growing startup ecosystem continues to attract investment from global crypto companies seeking long-term growth opportunities. Coinbase’s latest rollout comes as competition among global exchanges across Asia. However, the company appears focused on building regulated services and local infrastructure as it expands its operations in the Indian market.
Coinbase’s Nasdaq-listed shares closed 3.72% higher at $189.03 on Friday. Despite that gain, the stock remains down 30.7% over the past six months. In conclusion, Coinbase’s direct INR banking support, local liquidity services, and continued investment activity underscore its long-term strategy for India as crypto adoption continues to grow across the country.
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