New Delhi, June 1 -- Global cryptocurrency exchange giant Coinbase has officially launches operation in India with with direct Indian Rupee rails. This means Indian retail investors can now add and withdraw money directly from the platform and it also ends peer-to-peer (P2P) transactions or other workarounds that were commonly used earlier to access crypto markets.

The company said, "Over the past few years, we've invested meaningfully in the Indian ecosystem. We're an investor in CoinDCX, one of India's leading crypto exchanges. Through Base, our Ethereum Layer 2 network, we've put over $1 million into the Indian builder community through hackathons, direct grants, and fellowships. More than 4,000 builders in India have built on Base, a...