Coinbase is making a significant move into India's burgeoning cryptocurrency market, valued at $3 billion, by launching direct deposit and withdrawal options for Indian rupees (INR) via the Immediate Payment Service (IMPS) starting June 1, 2026. This initiative will eliminate the reliance on peer-to-peer markets and intermediaries, reducing risks associated with scams and payment delays. Coinbase's Head of APAC, John O'Loghlen, emphasized India's importance in the crypto landscape, noting its ranking as a leader in crypto adoption in the Asia-Pacific region. The Indian crypto market is projected to expand significantly, reaching $14.21 billion by 2034. In addition to retail trading, Coinbase will introduce perpetual futures contracts and advanced trading tools for professional users. To navigate regulatory challenges, Coinbase has registered with the Financial Intelligence Unit (FIU-IND), signaling its commitment to long-term operations in India. This launch builds on Coinbase's previous investments in local exchanges and developer initiatives, aiming to provide a trusted platform for India's vast retail base.