Cryptocurrency exchange Coinbase has actually momentarily suspended Indian rupee (INR) withdrawals for users in India following a blackout at one of its banking partners. The interruption is impacting the bank’s payments for all its customers and is not restricted to Coinbase, the business stated in an upgrade on X.
Coinbase stated INR deposits, consisting of those made through the Unified Payments Interface (UPI), and savings account connecting were continuing to work as normal. It likewise guaranteed users that their funds were safe and stated it was dealing with the banking partner to bring back withdrawal services. The business has actually not supplied a timeline for the resumption of withdrawals.
An upgrade for Coinbase users in India
INR withdrawals are briefly not available due to a blackout at our banking partner. The blackout is impacting the bank’s payments for all of its customers, not simply Coinbase. Your funds are safe. INR deposits(consisting of UPI) and checking account connecting are working as normal. We’re dealing with the bank all the time to bring back withdrawals as quickly as possible. We’ll publish updates here.– Coinbase India (@CoinbaseIndia) November 14, 2026
According to Coinbase’s status page, the banking concern was initially reported on November 9, 2026. A preliminary notification stated consumers might deal with problems withdrawing INR, connecting brand-new savings account and utilizing UPI, while deposits might likewise experience hold-ups. A subsequent upgrade narrowed the interruption to INR withdrawals and verified that deposits, UPI deals and checking account connecting were functional.The exchange has actually recommended users versus starting brand-new INR withdrawal demands throughout the disturbance, as deals might stop working or stay pending till the problem is solved.Check out: Paytm wallet return: What RBI’s approval methods and what occurs next
What does Coinbase do?
Coinbase is a United States-based cryptocurrency exchange that permits users to purchase, offer, hold and trade digital properties such as Bitcoin and Ether. The business likewise supplies cryptocurrency custody and trading services to institutional customers.The exchange broadened its services in India in 2026, presenting direct Indian rupee deposits and withdrawals through the Immediate Payment Service (IMPS) channel. The relocation likewise provided Indian users access to identify trading throughout cryptocurrency possessions and continuous futures agreements.
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