Pakistan, June 1 -- Coinbase has expanded its services in India by allowing customers to trade cryptocurrencies using the Indian rupee, marking a significant step in the company's efforts to strengthen its presence in one of Asia's largest digital asset markets.

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The US-based cryptocurrency exchange announced that users in India can now deposit and withdraw funds in rupees through the country's Immediate Payment Service (IMPS) network. The move is expected to make access to cryptocurrency trading more convenient for local investors by enabling direct transactions in the national currency.

In addition to rupee-based transactions, the company said Indian users will have a...