Coinbase has officially launched Coinbase Business in Singapore, marking the crypto exchange’s first international expansion of its business-focused financial platform aimed at widening crypto and fiat operations for companies.
Key Takeaways:
- Coinbase Business debuts in Singapore, expanding the exchange’s business services outside the U.S. for the first time.
- The launch partners with Standard Chartered to integrate real-time SGD transfers and stablecoin settlements via USDC and XSGD.
- The platform enables local firms to manage payments, crypto portfolios, and accounting tools like QuickBooks and Xero.
Coinbase launch of Coinbase Business in Singapore earlier today, November 12, signaling its first move beyond the United States for its enterprise financial services division. The new platform prioritized start-ups and small to medium enterprises (SMEs), providing tools that unify payments, crypto management, and financial reporting in one integrated solution. The renowned crypto exchange has also officially announced its expansion on their official X (formerly Twitter) account of Coinbase Singapore, highlighting its “first international expansion.”
According to the company, the initiative is designed to help firms make cross-border payments, treasury management, and crypto operations more efficient to handle. Businesses can now send and receive payments using stablecoins such as USDC and XSGD, making near-instant settlement at lower transaction costs possible instead of using traditional wire transfers.
Partnership with Standard Chartered Strengthens Local Integration
To align with Singapore’s financial infrastructure, Coinbase has partnered with Standard Chartered Bank to enable real-time Singapore dollar (SGD) transfers, which is a collaboration that enables Coinbase Business to bridge fiat and digital payments easily, meeting both compliance and operational standards.
Coinbase Business head Sid Coelho-Prabhu noted that the future of business payments lies in programmable finance.
The future of B2B payments is built on faster, cheaper, and more programmable rails, and that foundation is crypto.
Meanwhile, Coinbase’s country director in Singapore supported this sentiment:
Singapore has firmly established itself as a global leader in digital innovation. Bringing Coinbase Business here reflects our commitment to supporting the region’s fast-growing business ecosystem.
Crypto Payments Take Center Stage in Asia’s Fintech Hub
Singapore has steadily evolved into a global hub for digital assets and DeFi innovation. Coinbase’s choice of Singapore for its first global launch underscores the region’s openness to blockchain-based business solutions. The integration of stablecoins like USDC and XSGD also highlights the increasing adoption of programmable money for cross-border settlements.
By offering businesses a crypto-powered account, Coinbase aims to compete with traditional financial platforms while maintaining compliance with Singapore’s regulations. The service could appeal to start-ups and digital-native firms managing international payrolls, vendor payments, and treasury assets across multiple currencies.
Market Reaction
As of this writing, real-time market data from TradingView shows COIN (Coinbase Global, Inc.) is trading at approximately $304.01, showing a 4.38% drop over the past 24 hours.
Meanwhile, the broader crypto market is showing mixed movement. Bitcoin (BTC) is trading around $104,497 with modest drop of 0.5%, while Ethereum trades near $3,483.13, dropping 2.2% in the day.
Although the company’s expansion currently doesn’t cause any volatility or positive sentiment in Coinbase’s stock or major crypto tokens, the development is seen as a strategic step into enterprise‑financial services and international growth that likely contribute to investor confidence in Coinbase’s diversification beyond retail trading.
What’s Next for Coinbase and Global Crypto Adoption
The Singapore launch positions Coinbase to test and refine its enterprise-focused platform outside the U.S., with potential future rollouts in other Asia-Pacific markets like Hong Kong and Australia. Success in Singapore could drive adoption of stablecoin-based payments and business crypto accounts, signaling a shift toward corporate crypto infrastructure and broader institutional use.
This expansion underscores the growing role of cryptocurrency and programmable finance in global business operations, marking a move beyond retail trading into enterprise solutions.
Summary
Coinbase launched Coinbase Business in Singapore, its first international enterprise rollout, partnering with Standard Chartered to enable USDC and XSGD payments and provide SMEs with unified crypto and fiat business tools.
