Coinbase Launches Rupee Trading and Futures in India
The U.S. cryptocurrency exchange Coinbase is now allowing Indian users to trade using the rupee through the immediate payment service channel. This expansion includes spot trading and perpetual futures contracts as the company grows its presence in Asia's third-largest economy.
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COINBASE GLOBAL INC -CLASS A is launching rupee-denominated trading in India, enabling local users to deposit and withdraw funds via the immediate payment service channel. Asia's third-largest economy represents a critical hub for blockchain developer talent, trading activity, and broader adoption. The expansion follows the company's 2023 service suspension and return to the market after registering with the Financial Intelligence Unit.
