Coinbase Partners with Standard Chartered Bank for Strategic Banking Relationship in Singapore

Coinbase has announced a new strategic banking partnership with Standard Chartered and an upgraded retail platform for customers in Singapore.

The new platform, called Singpass, allows customers to transfer funds to and from their Coinbase accounts for free using any local bank in Singapore.

According to Coinbase, this new partnership and platform upgrade aim to provide customers with a seamless, safe, and convenient experience when trading digital assets. Customers can easily cash in or cash out of their Coinbase accounts using bank transfers, giving them more flexibility and control over their assets.

The Singpass platform is designed to provide a familiar and secure “2-click” experience that Singaporeans are accustomed to using across their apps, making it even easier for them to join the Coinbase platform. In addition to this, Coinbase has also upgraded their Help Centre with a team of experts available to answer any questions customers may have and provide support through an array of tools, including live chat.

Coinbase offers over 200 assets, providing customers with greater access to popular crypto assets such as Bitcoin and Ethereum. However, the company recognizes that investing in the cryptoeconomy can be complicated, which is why they created Coinbase Learning, a comprehensive catalogue of resources designed to educate customers about the cryptoeconomy and provide tips for safely navigating the market. From beginner-friendly guides to advanced trading strategies, Coinbase Learning is the go-to destination for anyone looking to deepen their understanding of the cryptoeconomy and its use cases.

Coinbase is also proud to have received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide regulated Digital Payment Token (DPT) services in the island state. Compliance has always been a top priority for the company, and they will continue to strive to be the most trusted and secure platform to trade digital assets.

As Singapore aims to become a global crypto and blockchain hub, Coinbase is committed to supporting these ambitions and bringing the best product experience to the Singapore market. The company believes that access to quality education is essential to empowering customers to make informed decisions and achieve their financial goals in the crypto space.

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