Coinbase Expands India Operations, Enables Trading in Indian Rupee
June 2026 | By Azad News
US-based cryptocurrency exchange :contentReference[oaicite:0]{index=0} has expanded its services in India, allowing users to trade using the Indian rupee, marking a significant step in its return to one of Asia’s largest digital asset markets.
The move comes as the company continues to rebuild its presence in India after previously discontinuing operations in 2023.
According to the company, users will now be able to deposit and withdraw funds in Indian rupees through an immediate payment service channel, improving access and transaction speed for local traders.
Customers will also gain access to spot trading across a wide range of digital assets, along with perpetual futures contracts tied to major cryptocurrencies.
Coinbase had previously paused its services in India but resumed crypto trading operations after registering with the country’s Financial Intelligence Unit, aligning with regulatory requirements.
The company highlighted India as one of the most important global crypto markets due to its strong developer ecosystem, increasing trading activity, and growing adoption of blockchain technologies.
However, India enforces strict compliance rules for crypto exchanges, including anti-money laundering regulations, and imposes a 30% tax on crypto trading gains—one of the highest globally.
Despite growing adoption, the country has not yet introduced a comprehensive regulatory framework for digital assets, leaving long-term policy direction uncertain.
Conclusion
Coinbase’s renewed expansion into India reflects growing confidence in the country’s crypto market, even as regulatory uncertainty and high taxation continue to shape the industry’s development.
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