Coinbase offers trading using Indian rupee

Ashwin Manikandan

Mon, June 1, 2026 astatine 12:47 AM CDT 1 min read

By Ashwin Manikandan

NEW DELHI, June 1 (Reuters) - U.S.-listed cryptocurrency speech Coinbase is allowing ‌users successful India to marque trades ‌using the rupee, marking a cardinal enlargement of its ​services successful Asia's third-largest economy.

Customers tin deposit and retreat rupees done the alleged contiguous outgo work channel, the institution said connected ‌Monday.

They volition besides ⁠have entree to spot trading crossed a scope of assets, alongside perpetual ⁠futures contracts covering large crypto assets, the institution said.

Coinbase, which had discontinued its services ​in India ​in 2023, resumed ​crypto trading past ‌year aft registering with the Financial Intelligence Unit.

"India has agelong been 1 of the astir important markets successful crypto: successful presumption of developer talent, trading activity, and the broader ‌adoption of blockchain technology," ​said John O’Loghlen, Coinbase's ​regional managing manager ​for Asia Pacific.

India requires crypto ‌exchanges to comply with ​its anti-money laundering ​rules.

The state levies a 30% taxation connected crypto trading gains, among the highest ​globally, but ‌has yet to outline regulations for ​the plus class.

(Reporting by Ashwin Manikandan; ​Editing by Mrigank Dhaniwala)