Skip to content
- Coinbase has introduced direct INR deposits and withdrawals for retail users in India.
- Indian traders can now access spot markets, perpetual futures, and advanced trading tools.
- The company continues to expand its long-term investment in India’s crypto ecosystem.
According to the blog, Coinbase has expanded its operations in India by making its platform fully accessible to retail crypto traders with direct support for the Indian rupee. The move marks a significant step in the company’s strategy to deepen its presence in one of the world’s fastest-growing digital asset markets.
India has emerged as a leading hub for blockchain innovation, crypto trading, and crypto development. The nation offers a rich talent pool and keeps catching the eye of international crypto players.
According to Coinbase, India is a critical region for them and has been witnessing growing interest in the area in recent years. It has made significant investments in the Indian crypto environment. Coinbase is a backer of CoinDCX, which is among India’s leading cryptocurrency exchanges.
Coinbase Invests in India’s Growing Crypto Ecosystem
It has also invested more than $1 million in the Indian builder ecosystem in the form of grants, hackathons, and fellowships associated with Base, the Layer 2 solution on the Ethereum network. Over 4,000 Indian developers have constructed dApps on Base.
About 150 of these dApps have been transformed into startups. In addition to that, Coinbase has facilitated education and connections between startup founders from India and investors by organizing demo days internationally and supporting these startups.
Coinbase has also expanded its presence in India. The company aligns its policies with Indian regulations. It is registered with the Financial Intelligence Unit of India. Coinbase also follows the country’s tax rules for virtual digital asset service providers.
The new feature launched by Coinbase allows Indian users to deposit and withdraw funds in INR using the Immediate Payment Services (IMPS). This method eliminates the necessity of peer-to-peer transfers and intermediaries in fund transfer transactions.
Coinbase Adds New Features for Indian Crypto Users
Users have the option to trade spot pairs for various cryptocurrencies. Moreover, they can trade perpetual futures related to the top cryptocurrencies. Coinbase has launched INR order books in order to increase liquidity for the domestic customers but still providing exposure to international markets.
In addition to that, for those traders who require extra features, Coinbase provides Coinbase Advanced. It is an advanced trading platform that contains professional trading tools, institutional-grade API integration, WebSocket order book streaming, multi-order types, and TradingView charts.
As mentioned above, the security of transactions and complete transparency remain integral to the working model of Coinbase. The company stores most customer funds in cold storage and uses insurance to protect against theft and cyberattacks.
Security reviews and financial audits are conducted by the firm regularly. Coinbase has already proved itself as one of the best platforms for crypto exchange through its focus on security and compliance, INR support, advanced trading features, and more.
Also Read: Ancient Bitcoin Whale Sends $203M BTC to Trading Firms, Traders Alarmed
