Coinbase announces partnership with Standard Chartered

The cryptocurrency exchange Coinbase has announced a partnership with the financial group Standard Chartered. The collaboration will allow Coinbase users in Singapore to make fiat deposits through local banks.

Exciting news for our Singapore customers! Coinbase is introducing free bank transfers and Singpass integration, making it easier to join our platform. We’ve upgraded our help center, created Coinbase Learning and are offering 200+ assets for trading. ??https://t.co/iQgt51esvy

— Coinbase (@coinbase) March 15, 2023

Coinbase also announced the integration of Singpass, the e-identification system. Singpass enables Singaporean citizens to interact with government agencies and banks.

«This means that you can easily cash out funds from your Coinbase account via bank transfers, providing greater flexibility and control over your assets», the company said.

The Coinbase initiative aligns with Coinbase’s international expansion.

Coinbase also highlighted its educational program.

«We understand that investing in the crypto economy can present challenges, so we created Coinbase Learning. It is a comprehensive catalog of resources designed to educate clients and provide guidance on safely navigating the market», the company emphasised.

Earlier, Coinbase noted the negative impact banking crisis on the crypto industry.