Coinbase, one of the world’s biggest crypto exchanges, has taken a major step beyond the United States. The company has launched Coinbase Business in Singapore, its first international platform built specifically for startups and small businesses.
This move also shows Coinbase’s growing push to make crypto a key part of the global financial system.
Real-Time Transfers and Stablecoin Payments
In partnership with Standard Chartered, Coinbase Business allows companies in Singapore to send and receive payments instantly in local currency (SGD) or through stablecoins such as USDC and XSGD.
This setup allows local startups to send and receive payments instantly, cutting down on high international transfer fees and chargebacks that often slow traditional finance.
Beyond payments, Coinbase Business offers tools for vendor management, API integration, and automated cash flow tracking, allowing businesses to manage crypto and fiat operations from a single dashboard.
Startups can even handle payroll or pay contractors across borders at a fraction of the usual cost.
Built for Modern Businesses
Coinbase Business isn’t just about payments, it’s a complete financial toolkit for companies operating in the digital age. Businesses can manage vendors, automate payroll and cross-border payments, and access API integrations for accounting platforms like QuickBooks and Xero.
The platform also includes portfolio management tools, allowing companies to buy, sell, and hold digital assets directly from their operating accounts without complex onboarding steps.
Strengthening Singapore’s Role in Digital Finance
The launch also follows Coinbase’s work with the Monetary Authority of Singapore (MAS) through its BLOOM Initiative, a program focused on programmable digital asset settlements.
Sid Coelho-Prabhu, Head of Coinbase Business, emphasized that “the future of B2B payments is built on faster, cheaper, and programmable rails, and that foundation is crypto.”
Meanwhile, Hassan Ahmed, Coinbase’s Singapore Country Director, called the expansion “a testament to Singapore’s leadership in digital innovation” and a key step in empowering the region’s fast-growing businesses.
With this launch, Coinbase is setting a new benchmark for how crypto can power real-world commerce, turning digital assets from an investment vehicle into a core infrastructure for business payments and growth.
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