Coinbase Debuts INR Deposit and Withdrawal Features in India

Coinbase has introduced direct Indian rupee (INR) deposit and withdrawal services in India via the IMPS payment network, streamlining fund transfers for users on the platform.

With the new INR rails in place, users can engage with spot and perpetual futures offerings linked to major cryptocurrencies. The company said it has developed local INR order books to support trading while continuing to provide access to its global exchange.

Coinbase added that it has secured FIU-IND registration and adheres to India’s tax rules as it grows its operations in the country.

Source: Coinbase