Key Highlights
- Coinbase has launched ETH-INR and SOL-INR trading pairs for users in India.
- The rollout follows Coinbase’s recent introduction of INR deposits and withdrawals via IMPS.
- The exchange continues expanding its India presence after re-entering the market in 2025.
Coinbase has expanded its trading offerings for Indian users by adding support for ETH-INR and SOL-INR trading pairs, the company announced on June 3, 2026.
According to the official announcement via X, Coinbase Markets notes, “Today, Coinbase has added support for ETH-INR and SOL-INR for our users based in India. ETH-INR will be available on Coinbase Exchange at launch, and support will be rolled out gradually across Coinbase.com, the Coinbase app, and Coinbase Advanced.”
The move comes shortly after Coinbase rolled out direct INR deposit and withdrawal support via IMPS on June 1, marking a step forward in the U.S.-based exchange’s efforts to deepen its presence in the Indian market.
Users access direct ETH/SOL trade against Indian rupee
ETH-INR and SOL-INR pairs are now available on Coinbase Exchange, with gradual rollout planned across Coinbase.com, the mobile app, and Coinbase Advanced.
This development allows Indian users to trade Ethereum and Solana directly against the Indian rupee without needing to convert through other cryptocurrencies or stablecoins like USDC. The addition is expected to improve liquidity and reduce friction for local traders seeking exposure to two of the largest cryptocurrencies by market capitalization.
India remains one of the largest crypto markets
In 2025, Coinbase returned to the Indian market after taking a multi-year break because of regulatory uncertainties. They got registered with the Financial Intelligence Unit-India (FIU-IND) and followed local laws closely, including anti-money laundering rules.
India is still one of the biggest cryptocurrency markets, with over 100 million crypto owners. But this sector faces difficulties, like a 30% tax on crypto transactions and a 1% TDS on transfers that exceed specific limits. These policies affect trading habits and drive users to cheaper alternatives.
By launching rupee-denominated pairs for Ethereum and Solana, Coinbase aims to tap into domestic demand for major altcoins. Ethereum continues to attract interest due to its smart contract capabilities and staking features, while Solana has gained popularity for its high throughput and growing ecosystem in decentralized finance and memecoins.
Exchanges strengthens footprints in India
The launch fits into bigger efforts by worldwide exchanges to increase their presence in India. Both local rivals and international platforms have been upgrading their services because of anticipated regulatory changes.
Coinbase added to its moves in India by rolling out ETH-INR and SOL-INR pairs, following the introduction of BTC-INR and USDC-INR. The firm plans to adapt its services for the Indian market and intends to ramp up investment.
However, challenges remain, including banking restrictions and tax compliance burdens that continue to affect the overall user experience.
For now, the addition of ETH-INR and SOL-INR provides Indian users with more direct trading options, potentially improving price discovery and reducing conversion costs. As Coinbase continues to build its infrastructure in the region, further asset listings and product features may follow, depending on regulatory developments and market demand.
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