Coinbase’s launch of direct INR deposit and withdrawal rails in India has triggered both excitement and debate across the country’s crypto ecosystem. The development gives Indian users the ability to deposit and withdraw Indian Rupees directly through IMPS, while also accessing spot trading and perpetual futures on the Coinbase platform.

That claim was challenged by CoinDCX CEO Sumit Gupta, who said it was “factually incorrect.” According to him, several Indian exchanges, including CoinDCX, have already had INR rails for many years. The distinction, he clarified, is that Coinbase is the first foreign exchange to launch direct IMPS-based INR rails in India.

• Coinbase Returns to India With Direct INR Rails
• Why the “First” Claim Sparked Pushback
• What Direct IMPS-Based INR Rails Mean for Users
• India Remains a Critical Crypto Market

Coinbase Returns to India With Direct INR Rails

Coinbase has launched direct INR deposits and withdrawals for Indian users, allowing customers to move money between their bank accounts and the exchange through IMPS. The launch removes the need for peer-to-peer transfers or third-party intermediaries, making fiat access simpler for users.