Coinbase Launches Direct INR Deposit and Withdrawal Services in India

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 01 2026

ETH+2.286%

P2P+7.08%

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Direct Deposit Services: Coinbase has officially launched direct Indian Rupee (INR) deposit and withdrawal services in India, allowing users to transact via IMPS, which eliminates the need for P2P channels or third-party intermediaries, thereby simplifying the trading process and enhancing user experience.
Market Access and Compliance: Coinbase is registered with FIU-IND and fully compliant with local tax laws, ensuring its long-term operational compliance in the Indian market, a move that not only enhances user trust but also lays a solid foundation for Coinbase in the rapidly growing Indian crypto market.
Investment and Community Support: Through its Ethereum Layer 2 network Base, Coinbase has invested over $1 million into India's builder community, supporting hackathons, direct grants, and fellowships, which has facilitated project development for over 4,000 developers, further solidifying its strategic position in the Indian market.
Trading Tools and Fees: Coinbase offers professional-grade trading tools for Indian users, including APIs and WebSocket order streaming, and with no deposit fees on INR transfers, it reduces the upfront costs for new users, while global liquidity helps improve trading efficiency and lower slippage.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH 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, ETH 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 $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1310.733	1408.206	1538.093	1635.566	1765.453	1862.926	1992.813
Fibonacci	1408.206	1495.058	1548.715	1635.566	1722.418	1776.075	1862.926

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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