Coinbase Rolls Out INR Rails In India for Spot and Perpetual Futures Market

TLDR

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Coinbase says Indian users can deposit and withdraw INR directly through IMPS.
Indian users can access spot trading and perpetual futures on Coinbase.
Coinbase says it has registered with FIU-IND for Indian crypto rules.
Coinbase Advanced offers APIs, order types, and TradingView charts.

Coinbase has launched in India with direct INR rails for retail crypto users. The move lets users deposit and withdraw Indian rupees through IMPS. It also adds access to spot trading and perpetual futures on the same platform.

The company said, “Indian customers can now deposit and withdraw INR via IMPS.” It also said users can trade without P2P rails or other workarounds.

Coinbase Adds Direct INR Support in India

Coinbase now offers INR deposits and withdrawals for users across India. The payment flow uses IMPS, which connects bank accounts with the platform. As a result, users can move funds without peer-to-peer payment routes.

The launch gives Indian traders access to local INR order books. Coinbase said these books offer dedicated liquidity for Indian customers. Users also keep access to the company’s global exchange.

The company said, “Today, we’re taking the next step.” It added that it is making Coinbase accessible to Indian retail traders with direct INR support.

Spot and Futures Trading Go Live

Indian customers can now use Coinbase for spot trading across several crypto assets. Spot trading allows users to buy and sell crypto at current market prices. The platform also offers perpetual futures contracts on major crypto assets.

Coinbase said the service includes direct INR rails, spot markets, and futures markets. The company also said users can deposit INR, trade, and withdraw INR back to banks.

Coinbase Advanced is also available for users who need more trading tools. It includes APIs, WebSocket order book streaming, and different order types. TradingView charts are also built into the platform.

Coinbase Points to Fees and Execution

Coinbase said taker fees on Coinbase Advanced are competitive against local platforms. It also said there are no deposit fees on INR. These details form part of its cost message for Indian traders.

The company said execution quality also matters for higher-volume users. It linked deep global liquidity with tighter spreads and lower slippage. These factors can affect the total cost of each trade.

Coinbase said local INR order books will serve Indian customers. However, users will also have access to its global exchange. This setup may support both local payments and wider market access.

FIU-IND Registration and Security Claims

Coinbase said it is registered with FIU-IND in India. The company said this places it under India’s compliance framework for virtual digital asset service providers. It also said it follows Indian tax law needs.

The company pointed to its public listing on Nasdaq under the ticker COIN. It also said it publishes audited financials every quarter. Coinbase said it works as a custody partner for BlackRock and other asset managers.

Coinbase said it stores most customer crypto in cold storage. It also said it maintains crime insurance for theft and cybersecurity events. Indian users can create an account at coinbase.com, while INR access is being rolled out.