Coinbase Launches Direct INR Deposit and Withdrawal Services for Indian Users
Coinbase Launches Direct INR Deposit and Withdrawal Services for Indian Users
Coinbase has initiated direct Indian Rupee (INR) deposit and withdrawal services for its customers in India. This development allows users to seamlessly transfer funds between their bank accounts and the exchange, eliminating the need for intermediaries. The rollout is being conducted gradually, and while some Indian users have reported encountering 'Buys not supported' prompts post-onboarding, Coinbase affirms that access is continuously expanding. This move represents Coinbase's second strategic attempt to establish robust services within the Indian market after its initial endeavors in 2022.
Coinbase has opened direct Indian rupee (INR) deposits and withdrawals for customers in India, letting them move money between bank accounts and the exchange without intermediaries. The rollout is gradual. Several Indian users report a “Buys not supported” prompt after finishing onboarding, while the company says access keeps expanding. This marks Coinbase’s second attempt to establish its services in the region.