Coinbase expands in India with IMPS INR deposits, local order books and futures after FIU-IND registration

Coinbase announced the launch of direct INR rails in India, aiming to make the platform fully accessible to Indian retail traders and tapping into what it described as a roughly $3 billion local crypto market ^[1].

The rollout enables direct INR deposits and withdrawals via IMPS, supports spot markets and perpetual futures on major crypto assets, and includes local INR order books; some reports noted IMPS deposits carry no deposit fees, and users will retain access to Coinbase's global exchange alongside the local rails ^{[2] [3] [4]}.

Coinbase said it is registered with India’s Financial Intelligence Unit (FIU-IND) and that the product complies with Indian tax requirements as part of its plans for long-term operations in the market ^{[2] [3]}.

By adding INR on- and off-ramps and local trading infrastructure, Coinbase positions itself to serve Indian retail on-ramps and facilitate local fiat trading on its platform ^{[1] [2]}.