Coinbase Launches Direct INR Deposit and Withdrawal Feature
- Direct INR Rails Launch: On May 31, 2026, Coinbase announced that Indian customers can now deposit and withdraw INR directly on the exchange, eliminating the need for P2P rails and third-party intermediaries, marking the completion of its re-entry strategy in India and is expected to significantly enhance user experience and market share.
- IMPS Payment System Integration: The new feature operates via India's Immediate Payment Service (IMPS) and supports both deposits and withdrawals with no INR deposit fees at launch, allowing users to transact more quickly and further strengthening Coinbase's competitive position in the Indian market.
- Compliance and Market Trust: Coinbase is registered with India's Financial Intelligence Unit (FIU-IND) and compliant with local laws, which is a prerequisite for legal operation, and is expected to enhance user trust in the platform, facilitating larger capital inflows.
- Significant Market Potential: According to Chainalysis's 2025 Global Crypto Adoption Index, India ranks first in grassroots adoption, and Coinbase's direct INR rails will position it favorably in a rapidly growing market, especially against the backdrop of a 69% year-over-year increase in transaction volumes in the APAC region.
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Technical Analysis for P2P
Technical Sentiment Analysis for Sentinel (P2P). As of , Sentinel (P2P) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for P2P stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, P2P is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sentinel (P2P) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000247 | 0.0000408 | 0.0000559 | 0.000072 | 0.0000871 | 0.000103 | 0.000118 |
| Fibonacci | 0.0000408 | 0.0000527 | 0.00006 | 0.000072 | 0.0000839 | 0.0000912 | 0.000103 |
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