TLDR Tech / Crypto
Coinbase Launches Direct INR Rails for India's $3B Crypto Market
Coinbase launched direct INR deposit and withdrawal support via IMPS on June 1, enabling Indian retail traders to bypass peer-to-peer intermediaries and third-party ramps for the first time on the platform. The rollout includes spot trading, perpetual futures, and the full Coinbase Advanced suite with TradingView integration and dedicated local INR order books, supported by a completed FIU-IND registration. India's crypto market reached $3.04B in 2025 and is projected to reach $14.21B by 2034 at an 18.66% CAGR, with the country ranked first on the Global Crypto Adoption Index. The launch follows a failed UPI integration in 2022 and builds on prior ecosystem positioning, including a stake in local exchange CoinDCX and over $1M in Base L2 developer grants directed at Indian builders.
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