Summary
- Coinbase said it will launch the business-to-business platform 'Coinbase Business' in Singapore.
- It said this launch is the first instance of the service expanding to regions outside the United States.
- It said cooperation with the local Standard Chartered (SC) bank will make Singapore dollar transfers easier.
The U.S. cryptocurrency exchange Coinbase is launching its service 'Coinbase Business' in Singapore.
Coinbase said on the 12th (local time) that it will launch Coinbase Business in Singapore. Coinbase Business is a dedicated platform for business-to-business (B2B) transactions that Coinbase launched last June. Singapore is the first country outside the United States where Coinbase is launching the platform.
The local banking partner is global investment bank (IB) Standard Chartered (SC). Coinbase said, "Singapore companies can securely buy, sell, and convert cryptocurrencies directly from (Coinbase Business) accounts," and "(With cooperation with SC) Singapore dollar transfers will also be easy."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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