Nasdaq-listed Coinbase exchange announced Monday a major market move: the launch of direct rails for Indian rupees (INR).

Starting June 1, 2026, the exchange’s Indian customers can deposit and withdraw rupees directly from their bank accounts via the Immediate Payment Service (IMPS), a move designed to eliminate the need for intermediaries and simplify the often-clunky process of entering the crypto market in the region.

For a long time, Indians have had to rely on Peer-to-Peer (P2P) markets or third-party intermediaries to fund their crypto accounts. This method can be slow and, at times, risky, often leaving vulnerable users to payment scams or the sudden freezing of their bank accounts by law enforcement due to suspicious fund trails…