Coinbase is accelerating its international expansion with the launch of its Coinbase Business platform in Singapore, offering startups and SMEs instant USDC payments, global settlements, and integrated crypto finance tools through a partnership with Standard Chartered.
Coinbase Partners With Standard Chartered to Power Crypto in Singapore
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Coinbase Targets Asia’s Fintech Boom With Singapore Business Platform
The accelerating global shift toward crypto-powered finance has taken another leap forward as crypto exchange Coinbase extends its reach beyond the United States. Coinbase (Nasdaq: COIN) announced on Nov. 12 the launch of Coinbase Business in Singapore, targeting startups and small-to-medium enterprises seeking faster, programmable financial infrastructure.
The announcement states:
We are thrilled to announce the launch of Coinbase Business in Singapore, making this incredible all-in-one financial platform available in its first international market outside of the United States.
The platform offers instant USDC payments, global payouts, and integrated accounting tools that help Singaporean firms manage crypto treasuries, automate vendor and payroll payments, and earn rewards on USDC holdings.
Coinbase’s entry builds on its involvement in the Monetary Authority of Singapore’s BLOOM Initiative, which focuses on “Agentic Payments” and the next generation of digital asset settlement systems. The company stated: “This launch is not an isolated event; it’s the latest in a series of deep commitments we’ve made to the region.” Coinbase emphasized that its expansion underscores its commitment to establishing compliant, programmable infrastructure connecting traditional and digital finance across Asia.
Sid Coelho-Prabhu and Hassan Ahmed noted that Coinbase Business Singapore will be supported by a key local banking partner:
Coinbase Business Singapore will be powered in cooperation with Standard Chartered, with whom Coinbase have a strategic banking relationship in Singapore that facilitates seamless real-time fiat (Singapore dollar) transfers for Coinbase’s retail and now business customers.
Read more: Singapore Clarifies Crypto Licensing Rules With Offshore-Only Activities Under Fire
FAQ ⏰
- What is Coinbase Business Singapore?
It is Coinbase’s first international business platform, offering Singaporean firms access to instant USDC payments, global payouts, and automated crypto treasury tools. - How does Coinbase Business benefit enterprises in Singapore?
It enables startups and SMEs to streamline payments, manage digital assets, and earn rewards on USDC holdings through an integrated platform. - Which bank partners with Coinbase in Singapore?
Standard Chartered partners with Coinbase to facilitate seamless fiat (Singapore dollar) transfers for both retail and business users. - What does this expansion mean for Coinbase’s global strategy?
It signals Coinbase’s long-term plan to strengthen its presence in Asia and bridge traditional finance with digital assets through compliant, programmable systems.
