Coinbase Launches Direct INR Deposits and Withdrawals in India
- Direct Deposit Service: Coinbase has launched direct Indian Rupee (INR) deposit and withdrawal services in India, allowing users to transfer INR from bank accounts to Coinbase via IMPS, significantly simplifying fund movement and enhancing the platform's competitiveness.
- Enhanced Market Competitiveness: This new service greatly boosts Coinbase's competitiveness in the Indian market, as users no longer rely on P2P markets or third-party intermediaries, creating a fairer comparison with local platforms through a direct bank-to-crypto channel.
- Compliance and Taxation: Coinbase registered with India's Financial Intelligence Unit in 2025, aligning with the local virtual digital asset compliance framework; while users still face a 30% tax rate and a 1% TDS framework, this compliance enhances user trust and promotes market activity.
- Introduction of Derivatives Trading: Coinbase is also offering perpetual futures to eligible users, catering to the demand for derivatives among active traders in India, and by combining local liquidity with global market depth, it further enhances the trading experience for users.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0131 | 0.0215 | 0.0297 | 0.0381 | 0.0463 | 0.0547 | 0.0629 |
| Fibonacci | 0.0215 | 0.0279 | 0.0318 | 0.0381 | 0.0445 | 0.0484 | 0.0547 |
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