Coinbase launches rupee bank rails in India after FIU nod
Coinbase has switched on direct rupee bank transfers in India via IMPS, letting users move funds between local bank accounts and the exchange for spot and futures trading....
Key takeaways
- 1Coinbase enabled direct rupee deposits/withdrawals via IMPS in India after FIU registration in March 2025.
- 2Indian users can now access spot trading, perpetual futures, and Advanced Trade through single platform with local INR order books.
- 3India ranked first globally in Chainalysis 2025 Crypto Adoption Index across 150+ countries by retail activity and volumes.
Why it matters
Coinbase's IMPS bank rails remove friction for Indian retail investors to enter crypto markets despite 30% capital gains tax and 1% TDS, positioning the exchange competitively against domestic platforms (CoinDCX, WazirX) and global rivals (Binance, KuCoin) in the world's fastest-growing crypto adoption market.
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