Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch
Coinbase announces INR rails to make the platform fully accessible to Indian retail traders....
Key takeaways
- 1Coinbase launches direct INR deposits and withdrawals via IMPS from June 1, 2026, eliminating need for P2P intermediaries.
- 2India's crypto market reached $3.04 billion in 2025 and is projected to grow to $14.21 billion by 2034 at 18.66% CAGR.
- 3Coinbase registered with FIU-IND and offers spot trading, perpetual futures, and local INR liquidity for Indian retail traders.
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Why it matters
This move directly addresses friction points for Indian retail investors by enabling safer, faster bank-to-crypto transfers while reducing scam risks. Coinbase's FIU registration signals regulatory compliance commitment, potentially opening doors for other global exchanges and legitimizing crypto adoption in India's $3 billion market.
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