Coinbase has rolled out direct Indian rupee deposits and withdrawals in India, giving local users a bank-connected path into crypto trading on the platform. The company said the service runs through IMPS, removing the need for peer-to-peer funding routes or third-party steps that some users had relied on before.
The launch also expands the product set available in the country. Indian users can now trade spot markets across multiple crypto assets, access perpetual futures on major assets, and use INR order books built for the local market. Coinbase described the full flow as a bank-funded INR deposit, trading on spot or futures markets, and an INR withdrawal back into the same banking system. Existing users will receive INR support as the rollout reaches them.
FIU-IND registration anchors the rollout
Coinbase said it is registered with India’s Financial Intelligence Unit, FIU-IND, and follows Indian tax rules. The company said this includes tax deducted at source requirements tied to virtual digital asset transactions. In its launch note, Coinbase said it meets Indian taxation law requirements and intends to serve users in the country over the long term.
According to the source material, Coinbase obtained FIU registration in March 2025. At the time, the exchange said that registration allowed it to offer crypto trading services in India under the local compliance framework. The new INR rails are now being introduced on top of that structure.
The India return has moved in stages
Coinbase’s re-entry into India did not happen all at once. Earlier reporting said the exchange reopened access in December 2025, after a two-year pause, with crypto-only trading. At that stage, users in India still could not deposit or withdraw rupees.
This latest move changes that setup. Coinbase now supports direct INR transfers through IMPS while continuing to offer access to its global exchange and advanced trading tools. The earlier phase included crypto transfers, Simple Trade, Advanced Trade, and Coinbase Wallet. The INR launch adds the missing fiat route that Coinbase had planned for 2026.
India’s tax and compliance rules still define the market
India remains a tightly regulated crypto market for exchanges. The source notes that platforms must follow anti-money laundering rules. Reuters has also reported that the country applies a 30% tax on crypto gains, while a full rulebook for the sector has yet to be fully set.
John O’Loghlen, Coinbase’s regional managing director for Asia Pacific, said India has long been one of the most important crypto markets, pointing to developer talent, trading activity, and broader blockchain usage. For Coinbase, the new INR funding channel broadens its offering beyond the earlier crypto-only setup and puts the exchange back into a market where taxes, compliance checks, and local payment access continue to shape how users trade.