Coinbase has officially launched its Coinbase Business platform in Singapore. This marks the company’s first expansion of the service outside the United States. The platform targets startups and SMEs, providing crypto-powered financial tools to streamline payments, trading, and treasury management.
Partnership With Standard Chartered
Through a partnership with Standard Chartered, Coinbase enables real-time Singapore dollar (SGD) deposits and withdrawals. Consequently, businesses can seamlessly integrate fiat and crypto systems. The collaboration also supports instant settlement and reduces traditional banking friction.
Features of Coinbase Business
The platform offers a variety of tools tailored to modern businesses:
- Instant USDC payments for local and international vendors.
- Crypto payroll for global employees.
- Shareable payment links for fast customer transactions.
- Asset management with rewards on USDC balances.
- Accounting integration with QuickBooks and Xero.
These features allow businesses to automate processes and reduce costs while leveraging digital assets.
Strategic Commitment to Asia
Coinbase considers Singapore a “go-deep market” in Asia. Since securing a Monetary Authority of Singapore (MAS) payment license in 2023, the company has built strategic partnerships to support its operations. Singapore now serves as Coinbase’s primary hub for expanding services across the region.
Integration With MAS BLOOM Initiative
Coinbase also participates in MAS’s BLOOM initiative, focusing on next-generation digital asset settlement frameworks. Specifically, the company contributes to the “Agentic Payments” stream. This aligns with Singapore’s goals of creating a borderless, programmable financial ecosystem.
Takeaway for Startups and SMEs
By launching Coinbase Business in Singapore, Coinbase is not merely expanding geographically. It is creating a crypto-native operating account for businesses that need programmable finance tools. Startups and SMEs can now benefit from USDC payments, crypto payroll, and global settlement capabilities in a compliant and efficient manner.
This move positions Coinbase as a serious player in Asia’s digital finance ecosystem. It also signals a shift toward practical, scalable crypto solutions for businesses.
