Coinbase Expands in India With Rupee Rails and Perps Trading

The U.S. exchange has established direct rupee trading rails for Indian customers after securing regulatory clearance.

The post Indian Rupee: RBI dilemma on rates and FX – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale analysts note recent relief for the Indian Rupee after aggressive RBI intervention to keep it below 95.00. Focus is on Friday’s policy decision, with a 25 bp hike seen as possible given regional tightening. However, sources suggest the RBI prefers FX operations and inflow measures over rate hikes to support the INR. Policy choice between hikes and FX tools “In EM, the relief for the INR begs the question if the RBI will skip this week’s meeting after intervening aggressively last week to peg the rupee back below 95.00.” “Further, it transferred a record INR2.87tn ($30.1bn) dividend to the government for 2026 but the bond markets opted to ignore it, keeping the 10y IGB yield around 7.00%.” “Focus turns to the rate decision on Friday. A run of record lows for the currency, the rate hike in Indonesia and hawkish shift in South Korea have lowered the bar for the RBI t

The post A Trader Made $42 Million in 10 Months, Then a HYPE Short Wiped It out in 18 Days appeared on BitcoinEthereumNews.com. Key Takeaways Onchain tracker Lookonchain says loracle.hl erased $42.2 million in gains via a HYPE short over just 18 days. The trader is now down a further $5.19 million as HYPE pushed to a record near $70 on May 31. The blowup has once again brought out the risk of fading a token whose own buyback fund keeps absorbing supply. A 10-Month Win Streak Undone in Under Three Weeks The collapse was flagged by Lookonchain, a blockchain analytics account that tracks large traders. According to its data, loracle.hl took roughly 10 months to accumulate $42.2 million in profit trading perpetual futures, the leveraged derivatives that let traders bet on price without holding the underlying asset. That patient track record evaporated in just 18 days once the trader opened a sizable short against HYPE, the native token of the Hyperliquid perpetuals exchange. As HYPE kept g

A trader known onchain as ‘loracle.hl’ spent nearly 10 months building $42.2 million in profits on perpetual futures, only to lose all of it (and then some) after betting against Hyperliquid’s HYPE token. The position has now been mostly closed at a steep loss. A 10-Month Win Streak Undone in Under Three Weeks The collapse […]

The post GENIUS Act Deadlines Loom, ECB Pushes Digital Euro as Coinbase Opens India INR Rails appeared on BitcoinEthereumNews.com. Crypto News The opening week of June places U.S. stablecoin policy under hard deadlines, with comment periods for the GENIUS Act frameworks scheduled to close at the Treasury, FDIC, and FinCEN on June 2. The closures convert federal statute into operational requirements that issuers must build against, settling questions over reserves, yield, and licensing. Banking lobbies have pressed to slow the rollout, particularly around yield-bearing stablecoins, an objection that helped stall the Clarity Act for months. The Senate floor reopens on June 3 to consolidate market structure provisions with CFTC oversight and GENIUS amendments into one vehicle, with sponsors targeting an August signing. ECB board member Isabel Schnabel argued in Seoul on Monday that central banks must respond to swelling stablecoin volumes with stricter regulation and retail central bank d

The post Coinbase Stock Analysis: 3 Key Levels After the Rebound appeared on BitcoinEthereumNews.com. Coinbase Stock (COIN) is attempting an intraday rebound, yet the daily trend remains defensive. Shares closed at $189.03 on May 29, below key averages. Regulatory catalysts may aid sentiment; however, the chart still needs confirmation before a durable turn. COIN — daily chart with candlesticks, EMA20/EMA50 and volume. Daily Technical Outlook for Coinbase Stock Trend and Moving Averages On the daily timeframe, COIN sits below the 20-day EMA at $190.84, the 50-day at $192.79, and the 200-day at $224.23. For Coinbase Stock, trading under this 20/50/200-day stack keeps the primary bias bearish until those levels are reclaimed. Momentum and Volatility Daily RSI(14) is 48.64, hovering just under the midline. Momentum is neutral to soft, not yet a trend reversal. Daily MACD remains below the signal with a negative histogram (line -2.71, signal -0.58, hist -2.13). Therefore, downside momentum

The post Coinbase Launches in India with Rupee Rails & Perps appeared on BitcoinEthereumNews.com. Coinbase officially launched in India on June 1, 2026 with direct INR support. Users can deposit/withdraw INR directly via IMPS, no P2P needed. Spot trading and perpetual futures now available with local INR order books. Coinbase has officially introduced direct Indian rupee (INR) payments and withdrawals in India. This represents a significant step toward its return to one of the world’s fastest growing cryptocurrency markets.  Starting June 1, Indian users can send payments immediately via IMPS. Direct IMPS Integrations via Rupee Rails In addition to spot trading, Coinbase provides Indian users with perpetual futures contracts covering major crypto assets, according to the announcement.  This represents a significant step toward its return to one of the world’s fastest-growing cryptocurrency markets.  Coinbase Opens INR Rails In India Coinbase (@coinbase) has launched direct INR deposits

Coinbase India Re-Launch: Buy Crypto in INR Explained The post Coinbase Exchange Relaunches in India: a New Era For Crypto Asia? appeared first on 99Bitcoins.