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Launch · Financial Services

Coinbase relaunches in India with direct INR trading

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Date
Company
Coinbase
What it does
Global cryptocurrency exchange
Kind
Launch
Sector
Financial Services

What they do

Coinbase is a Nasdaq-listed global cryptocurrency exchange

What happened

It relaunched in India with direct INR trading, bank deposits and withdrawals via IMPS, and spot and futures trading

Why it matters

Coinbase exited India in 2023 due to regulatory pressure on unregulated crypto and secured an FIU license in March 2025 to operate as a crypto exchange in India

The details

  • Coinbase relaunched in India with direct INR trading for retail customers.
  • Users can deposit and withdraw via bank accounts using Coinbase's IMPS service.
  • Spot trading across multiple crypto assets and perpetual futures contracts are now available to Indian users.
  • Coinbase created local INR order books for dedicated liquidity for Indian customers.
  • Coinbase targets both retail and institutional traders with advanced tools: institutional APIs, WebSocket order book streaming, Trading View integration, and multiple order types.
  • Coinbase exited India in 2023 due to regulatory pressure on unregulated crypto.
  • Coinbase secured an FIU license in March 2025 to operate as a crypto exchange in India.
  • Coinbase doubled down on investment in Indian exchange CoinDCX in October 2025 and is looking to acquire a minority stake in CoinDCX.

The bigger picture

  • The Indian crypto market is expected to reach $14.21 Bn by 2034 from $3.04 Bn in 2025, a CAGR of 18.66%.
  • Cryptocurrencies remain unregulated in India; there is a 30% capital gains tax and 1% TDS on every transaction.
  • A parliamentary standing committee on finance classified crypto as high risk due to money laundering, trafficking, radicalisation, and suspicious transactions.
  • Indian crypto investors previously relied on P2P networks or third-party intermediaries because banks often decline to work with exchanges.
  • Global exchanges BitDelta, Binance, and Bybit are also re-establishing in India after securing FIU licenses.

About the business

  • Coinbase is a Nasdaq-listed global cryptocurrency exchange.
  • It provides a platform for buying, selling, and trading cryptocurrencies.
  • It offers spot trading, perpetual futures, and advanced tools for institutional traders.
  • Coinbase generates revenue through transaction fees, subscription services, and other products.
  • It operates in multiple countries and serves both retail and institutional customers.

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