Coinbase Suspends Indian Rupee Withdrawals as Banking Partner Outage Passes Five Days

Coinbase has temporarily suspended Indian rupee withdrawals after an outage at its banking partner, leaving users unable to move funds to their bank accounts. The exchange said in a statement posted on X on November 14 that the disruption had continued for more than five days, according to Business Today.

Coinbase's Banking Partner Outage

Coinbase India said the outage is affecting the bank's payouts for all of its clients, not just Coinbase. "Your funds are safe. INR deposits (including UPI) and bank account linking are working as usual," the exchange said. It added that it was working with the bank around the clock to restore withdrawals as soon as possible.

Users on social media said they had been unable to withdraw funds for over five days, and some urged the exchange to consider alternative banking arrangements. Coinbase is a cryptocurrency exchange founded in 2012 and headquartered in San Francisco, according to akta.pro company records.

Other Indian exchanges also reported banking problems. Unocoin suspended all deposits and withdrawals on November 9, 2026, without announcing a timeline for resuming operations. ZebPay told customers on November 11 that INR withdrawals were delayed because of technical problems at its banking partner, and its withdrawal services remained operational with longer processing times.

Coinbase's India Expansion Before the Outage

Coinbase strengthened its India presence in June 2026, when it introduced direct INR deposits and withdrawals alongside spot and perpetual futures trading. The company integrated with India's banking network through the Immediate Payment Service, allowing customers to transfer funds directly between bank accounts and the exchange, and it registered with India's Financial Intelligence Unit.

Earlier Coinbase Moves

Coinbase launched tokenized equities on August 24, 2026, with 1:1 backed shares in Apple, Nvidia, Meta and Alphabet, Crypto Briefing reported. On November 12, 2026, Coinbase added four US-listed stocks, Bitmine Immersion, Western Digital, Rocket Lab and Applied Optoelectronics, to its equity perpetual futures. Louisiana Attorney General Liz Murrill sued Kalshi, Polymarket, Robinhood, Coinbase and Gemini on November 12, 2026, alleging illegal sports and election betting.

Next Steps for Coinbase

Coinbase said it is working with the bank to restore withdrawals as soon as possible. Unocoin has not announced a timeline for resuming operations.