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Coinbase Expands Internationally with Launch of Coinbase Business in Singapore

Quick Breakdown 

  • Coinbase Business launches in Singapore, marking its first global expansion outside the U.S.
  • Standard Chartered’s partnership enables SGD transfers and payment services for local businesses.
  • Collaboration with MAS strengthens Coinbase’s role in advancing regulated digital finance in Singapore.

Coinbase enters Singapore with new business platform

Coinbase has officially launched Coinbase Business in Singapore — marking the first international rollout of the platform since its debut in the United States earlier this year. The U.S.-based crypto exchange announced on Wednesday that Singapore will serve as the starting point for its global expansion strategy.

Introduced in June, Coinbase Business is designed to serve startups and small enterprises as an

“all-in-one crypto operating platform.”

It allows businesses to send and receive payments in USD Coin (USDC), manage digital assets, and automate financial workflows with ease.

According to Coinbase, the platform “leverages the speed and stability of digital dollars like USDC” to deliver secure and seamless transactions, offering instant settlements, minimal fees, and zero chargebacks.

Strategic partnership with Standard Chartered

The launch is backed by a strategic partnership with Standard Chartered, which will enable smooth Singapore dollar (SGD) transfers for both retail and business users. This collaboration enables Singapore-based firms to access a comprehensive suite of services — from crypto trading and global payouts to payment links that incur a 1% transaction fee and USDC asset management with rewards.

The partnership further strengthens Coinbase’s presence in the region, enhancing its capacity to connect traditional banking with digital finance.

Deepening ties with Singapore’s regulator

Coinbase’s expansion builds upon its long-term engagement with the Monetary Authority of Singapore (MAS). The exchange received a Major Payment Institution (MPI) license from MAS in October 2022, granting it the authority to provide digital payment token services to both institutional and retail clients.

More recently, Coinbase joined MAS’s BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative — a project focused on advancing tokenized bank liabilities and regulated stablecoins to improve cross-border financial settlement.

This collaboration with MAS demonstrates how we’re building the regulated, compliant infrastructure that underpins the next era of finance,”

Coinbase stated.

 

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