Coinbase has activated Rupee BankRail directly in India, making it easier for local users to transfer money between bank accounts and crypto markets on the exchange as the company expands its presence in one of the world’s fastest-growing digital asset markets.
According to a company blog, Indian customers can now deposit and withdraw Indian rupees through the Instant Payment Service (IMPS) instant payments network and access spot markets, fixed futures and the company’s advanced trade interface through a single platform. Post Published on Sunday.
The move marks Coinbase’s latest push to expand its presence in India since a troubled start to 2022 and follows the company’s Registration Along with the Financial Intelligence Unit of India, it provides a formal regulatory base in the market.
In 2022, Coinbase briefly supported rupee deposits based on the Unified Payments Interface (UPI). to stop Days after the launch, payments authorities distanced themselves from the network’s crypto use and partners stopped enabling UPI for exchanges.
Related: Coinbase brings global crypto derivatives markets to US institutional clients.
Coinbase registered with India’s Financial Intelligence Unit in March 2025, a move the company said enables it to offer crypto trading services in India under the country’s anti-money laundering (AML) framework.
India ranks first in global crypto adoption index.
Coinbase is moving into a crowded but strategically important field, where homegrown platforms like CoinDCX, CoinSwitch, ZebPay and WazirX are already serving Indian merchants.
Channellysis Global Crypto Adoption Index, 2025. Source: Chain analysis
Global exchanges such as Binance and KuCoin are also widely used, but they mostly depend only on crypto or peer-to-peer rupees. AccessInstead of the direct type, IMPS-based bank rails Coinbase is now offering.
With rupee deposits and withdrawals now live, Coinbase offers Indian users spot trading, fixed futures and direct bank crypto transfers in addition to its advanced trade platform, and says it has built its global exchange access as well as a local INR order book for focused domestic liquidity.
India has emerged as a major prize for global exchange despite policy setbacks, including 30% Tax 1% tax deduction at source on many digital assets and on certain transactions.
Chain analysis Classification India ranks first in its 2025 Global Crypto Adoption Index, ahead of 150 other countries, based on factors such as retail on-chain activity, use of centralized exchanges and decentralized financial protocols, and transaction volume, defining the scale of grassroots adoption that platforms like Coinbase are trying to tap into.
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