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.\nWhat to know : Coinbase is launching direct INR deposit and withdrawal rails via IMPS starting June 1, removing reliance on P2P and intermediaries. The move reduces friction and scam risk for Indian users while enabling seamless bank-to-crypto transfers on a regulated platform. Coinbase is pairing the rollout with spot and perpetual futures trading, plus local INR liquidity, while signaling a long-term commitment through FIU registration.