Trending Now - Coinbase Introduces Direct Indian Rupee Transactions Following Approval

WHO:

[Cointelegraph] - Coinbase is the organization involved in the launch of direct rupee bank transfers in India.

WHAT:

[Cointelegraph] - Coinbase has launched direct rupee bank transfers in India via the Immediate Payment Service (IMPS).

[Techmeme] - The new feature allows users to move funds between local bank accounts and the exchange for spot and futures trading.

[Techmeme] - The introduction of INR rails aims to make the platform fully accessible to Indian retail traders.

WHERE:

[Cointelegraph] - The service is available in India, allowing transactions in Indian Rupees (INR).

WHEN:

[Techmeme] - The launch of the direct Indian rupee deposit and withdrawal rails is noted as a significant development for Coinbase in India.

WHY:

[Techmeme] - The aim of the new feature is to remove Coinbase's reliance on peer-to-peer (P2P) transactions and intermediaries.

HOW:

[Cointelegraph] - The direct transfers are facilitated through the Immediate Payment Service (IMPS).

(UPDATED June 1, 2026 12:48 UTC)

Coinbase has launched a new feature that allows direct rupee bank transfers in India through the Immediate Payment Service, or IMPS. This development enables users to move funds between local bank accounts and the exchange for both spot and futures trading, making the platform more accessible to Indian retail traders. The introduction of these Indian Rupee rails aims to eliminate Coinbase's reliance on peer-to-peer transactions and intermediaries.