Coinbase Launches Direct Indian Rupee (INR) Deposit and Withdrawal Services

Exam-focused facts from the 2 June 2026 current affairs briefing.

Key facts

Coinbase has launched direct Indian Rupee (INR) deposit and withdrawal services for retail users in India through the Immediate Payment Service (IMPS).
The rollout provides Indian users with access to spot trading across multiple crypto assets and perpetual futures contracts linked to major cryptocurrencies.
Coinbase has introduced local rupee order books to provide dedicated liquidity for Indian traders while maintaining access to its global exchange infrastructure.
The company is registered with the Financial Intelligence Unit (FIU-IND) and complies with local taxation requirements applicable to virtual digital asset service providers.
Through its Ethereum Layer-2 network Base, Coinbase has provided more than $1 million in grants and fellowships to support over 4,000 builders in India.