Coinbase (COIN) Launches Rupee Trading for Indian Users, Marking Asia Expansion

Coinbase (COIN) on June 1, 2026, began allowing Indian customers to trade cryptocurrencies using the rupee, the U.S.-listed exchange said, restoring key services in Asia’s third-largest economy after a multi‑year hiatus. Customers can now deposit and withdraw rupees via India’s Immediate Payment Service channel and access spot trading across a range of assets as well as perpetual futures contracts on major coins, the company said. Coinbase had discontinued Indian operations in 2023 but resumed trading last year after registering with the Financial Intelligence Unit, complying with local anti‑money laundering rules. India levies a 30% tax on crypto trading gains, among the highest globally, but has yet to outline a comprehensive regulatory framework. “India has long been one of the most important markets in crypto—in developer talent, trading activity, and blockchain adoption,” said John O’Loghlen, Coinbase’s Asia Pacific managing director.