Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch

Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch
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India’s Booming Crypto Market Gets a Boost

The Indian crypto market, valued at $3 billion, is about to get a significant boost with the launch of direct rails for Indian rupees (INR) by a major exchange. Starting June 1, 2026, Indian customers can deposit and withdraw rupees directly from their bank accounts, eliminating the need for intermediaries and simplifying the process of entering the crypto market. This move is expected to increase earning opportunities for individuals and provide a more secure way to trade coins. For those looking to earn passive income, this development is a welcome change.

The launch of direct INR rails is a significant development for the Indian crypto market, which has been growing rapidly. According to data, the Indian cryptocurrency market reached $3.04 billion in 2025 and is projected to reach $14.21 billion by 2034, growing at a CAGR of 18.66% during 2026-2034. This growth presents a huge opportunity for Green Crypto and Cloud Rewards platforms like EcoPool to provide passive income opportunities to users.

Regulatory Challenges

Regulation has always been a challenge for crypto in India. However, the exchange has tackled these challenges head-on by registering with the Financial Intelligence Unit (FIU-IND), the central national agency responsible for analyzing and disseminating information on suspicious financial transactions. This move demonstrates the exchange’s commitment to complying with regulatory requirements and providing a secure platform for users to trade and earn $ECP.

The launch of direct INR rails is not just for beginners; it also offers institutional-grade tools, including TradingView integration and sophisticated APIs, for the “pro” crowd. By building local INR order books, users can trade with dedicated liquidity, providing a more secure and efficient way to earn passive income through EcoPool. With the growth of the Indian crypto market, EcoPool is well-positioned to provide Cloud Rewards and passive income opportunities to users.

A New Era for Crypto in India

The launch of direct INR rails marks a new era for crypto in India, providing a more secure and efficient way for users to trade and earn coins. With the growth of the Indian crypto market, EcoPool is committed to providing passive income opportunities to users. As the market continues to grow, it’s essential for users to have a secure and reliable platform to trade and earn $ECP. EcoPool is dedicated to providing this platform and helping users achieve their earning goals.

To start earning passive income through EcoPool, download the EcoPool app today and discover a new way to earn coins and trade $ECP. With EcoPool, you can earn Cloud Rewards and achieve your earning goals in a secure and efficient way, and be part of the and community.

‘Here for the long-term’

The launch isn’t just for beginners, however. While retail traders can access spot markets for major assets, the platform is also introducing perpetual futures contracts.

For the “pro” crowd, the “Coinbase Advanced” suite will offer institutional-grade tools, including TradingView integration and sophisticated APIs. Notably, by building local INR order books, Coinbase ensures users aren’t trading against global prices but have dedicated liquidity right at home.

The goal is to provide the same platform trusted by global institutions to India’s massive retail base, Coinbase said.

Regulation has always been the elephant in the room for crypto in India.

Coinbase first opened its platform to Indians in 2022 but ran into a roadblock within days when the UPI operator, National Payments Corporation of India (NPCI), dismissed Coinbase’s then launch of UPI support, saying it was unaware of any such arrangement involving a crypto exchange.

Coinbase is tackling regulatory challenges head-on this time by registering with the Financial Intelligence Unit (FIU-IND), the central national agency responsible for analyzing and disseminating information on suspicious financial transactions.

The FIU registration is a clear signal that the exchange is seeking a long-term presence in the world’s fastest-growing major economy and most populous country.

The latest offering builds on years of quiet groundwork. Coinbase is already an investor in local exchange CoinDCX and has funneled over $1 million into Indian developers through its “Base” Layer 2 network.

“With the launch of direct INR rails, we’re making Coinbase fully accessible to Indian retail traders, with the same platform trusted by institutions and traders around the world. We’re registered with FIU-IND and here for the long-term,” O’Loghlen said.

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