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• Coinbase announced Monday that it has launched direct rails for Indian rupees, and that users have access to spot and perpetual futures trading.
• The company said it has established INR order books to provide dedicated liquidity.

Coinbase has launched direct rails for Indian rupees (INR) for users in India, as the global crypto exchange continues expanding in Asia.

In a statement shared with The Block on Monday, the exchange said Indian users can now deposit and withdraw rupees directly from their bank accounts through the Immediate Payment Service, without needing to rely on peer-to-peer rails or intermediaries. 

The Nasdaq-listed company also said it has established INR order books to provide dedicated liquidity for users in the country.

...read more at theblock.co