Coinbase Launches Direct Indian Rupee Deposit and Withdrawal Rails
The U.S. exchange has established direct rupee trading rails for Indian customers after securing regulatory clearance.
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The post Indian Rupee: RBI dilemma on rates and FX – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale analysts note recent relief for the Indian Rupee after aggressive RBI intervention to keep it below 95.00. Focus is on Friday’s policy decision, with a 25 bp hike seen as possible given regional tightening. However, sources suggest the RBI prefers FX operations and inflow measures over rate hikes to support the INR. Policy choice between hikes and FX tools “In EM, the relief for the INR begs the question if the RBI will skip this week’s meeting after intervening aggressively last week to peg the rupee back below 95.00.” “Further, it transferred a record INR2.87tn ($30.1bn) dividend to the government for 2026 but the bond markets opted to ignore it, keeping the 10y IGB yield around 7.00%.” “Focus turns to the rate decision on Friday. A run of record lows for the currency, the rate hike in Indonesia and hawkish shift in South Korea have lowered the bar for the RBI t
Read full articleThe U.S. exchange has established direct rupee trading rails for Indian customers after securing regulatory clearance.
The post Coinbase Launches in India with Rupee Rails & Perps appeared on BitcoinEthereumNews.com. Coinbase officially launched in India on June 1, 2026 with direct INR support. Users can deposit/withdraw INR directly via IMPS, no P2P needed. Spot trading and perpetual futures now available with local INR order books. Coinbase has officially introduced direct Indian rupee (INR) payments and withdrawals in India. This represents a significant step toward its return to one of the world’s fastest growing cryptocurrency markets. Starting June 1, Indian users can send payments immediately via IMPS. Direct IMPS Integrations via Rupee Rails In addition to spot trading, Coinbase provides Indian users with perpetual futures contracts covering major crypto assets, according to the announcement. This represents a significant step toward its return to one of the world’s fastest-growing cryptocurrency markets. Coinbase Opens INR Rails In India Coinbase (@coinbase) has launched direct INR deposits
Coinbase officially launched in India on June 1, 2026 with direct INR support. Users can deposit/withdraw INR directly via IMPS, no P2P needed. Spot trading and perpetual futures now available with local INR order books. Coinbase has officially introduced direct Indian rupee (INR) payments and withdrawals in India. This represents a significant step toward its return […] The post Coinbase Expands in India With Rupee Rails and Perps Trading appeared first on Live Bitcoin News.
The post Coinbase INR support India: IMPS rupee deposits and withdrawals appeared on BitcoinEthereumNews.com. Coinbase INR support India is finally live in a form many users have been waiting for: direct rupee transfers. On June 1, Coinbase launched direct Indian rupee support in India, letting customers deposit and withdraw funds through IMPS instead of relying on awkward peer-to-peer routes to move money in and out. That may sound technical, but the shift is straightforward. Indian users now have a direct banking rail for rupee transfers on Coinbase, and that matters because payment friction has long shaped the day-to-day crypto experience in the country. It also gives the launch a comeback feel. Coinbase’s earlier push into India hit a wall in 2022 when its attempted UPI rollout unraveled quickly. This time, the company has returned with a different payments route, a compliance footing through FIU-IND registration, and a clearer bid to compete in one of crypto’s most active retail m
The post Coinbase Opens Direct INR Deposits for Indian Users appeared on BitcoinEthereumNews.com. Coinbase has opened direct Indian rupee (INR) deposits and withdrawals for customers in India, letting them move money between bank accounts and the exchange without intermediaries. The rollout is gradual. Several Indian users report a “Buys not supported” prompt after finishing onboarding, while the company says access keeps expanding. Coinbase’s Second Attempt After the 2022 Retreat Coinbase routes the new deposits through the Immediate Payment Service (IMPS), India’s interbank transfer system. It is not using the Unified Payments Interface (UPI) for now. That choice matters. In 2022, the exchange launched with UPI support and suspended it within three days. The shutdown followed a public statement from the National Payments Corporation of India. Chief executive Brian Armstrong later blamed informal pressure from the Reserve Bank of India. The dispute forced Coinbase into crypto-to-crypt
The post Oil: Hormuz disruption keeps market strained – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale’s Michael Haigh and Jeremy Sellem argue that the proposed U.S–Iran ceasefire framework would only gradually restore flows through the Strait of Hormuz, keeping Oil markets tight. They see physical supply normalization pushed into late 2026, with end-user relief in Asia delayed to late October and prices staying above $200/bbl, while backwardation persists through 2027. Tight summer balances and delayed Hormuz normalization “If the 60-day MoU runs its course and the mines are then cleared within 30 days, meaningful flow through the Strait could resume, at best, by late August 2026, but end-user markets, especially in Asia, would only see relief by late October at best, leaving the market tight through peak summer and keeping prices elevated (>$200/bbl) with inventory rebuilding pushed into late 2027. Crude backwardation will be strong and persist through 2027.”
The post Coinbase Re-Enters India with Direct INR Deposits, Trading and Withdrawals appeared on BitcoinEthereumNews.com. In a major boost for India’s crypto industry, global exchange Coinbase has re-entered the country. The crypto exchange has launched direct INR deposits, trading, and withdrawals support, enabling easy bank-to-crypto transfers. The move eliminates reliance on risky peer-to-peer (P2P) transfers and marks a key expansion of its services in Asia’s third-largest economy after years of regulatory navigation and ecosystem investments. Coinbase Officially Launches in India with Direct INR Support via IMPS Coinbase has rolled out direct INR rails powered by India’s IMPS payment service. Indian users can now deposit INR directly from their bank accounts, trade on spot and perpetual futures markets. When done, users can withdraw funds back to their linked bank accounts, according to the official blog. Coinbase discontinued its services in India in 2023. It resumed crypto trad
The post Coinbase Re-Enters India With Direct INR Trading Support appeared on BitcoinEthereumNews.com. The post Coinbase Re-Enters India With Direct INR Trading Support appeared first on Coinpedia Fintech News Coinbase has officially relaunched its services in India, marking a major return after its unsuccessful 2022 launch and subsequent exit in 2023. The exchange now offers direct INR deposits and withdrawals through IMPS, eliminating the need for peer-to-peer workarounds. Indian users gain access to a local INR order book, spot crypto trading, perpetual futures, and … Source: https://coinpedia.org/crypto-live-news/coinbase-re-enters-india-with-direct-inr-trading-support/