Coinbase has announced the launch of direct Indian rupee (INR) support, allowing Indian customers to deposit and withdraw funds directly from their bank accounts via the Immediate Payment Service (IMPS) starting June 1, 2026. This move aims to simplify the process of entering the crypto market by eliminating the need for intermediaries, which have previously posed risks such as payment scams and account freezes. The exchange's initiative is part of a broader strategy to tap into India's burgeoning crypto market, valued at $3.04 billion in 2025 and projected to grow significantly. Coinbase is also introducing perpetual futures contracts and advanced trading tools for institutional investors. By integrating with IMPS and registering with the Financial Intelligence Unit (FIU-IND), Coinbase is addressing regulatory challenges to establish a long-term presence in India.