Coinbase Embarks on New Venture in Singapore; Partners with StanChart By CoinEdition

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Coinbase Embarks on New Venture in Singapore; Partners with StanChart

Published Mar 15, 2023 04:13AM ET Updated Mar 15, 2023 04:30AM ET

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Coinbase Embarks on New Venture in Singapore; Partners with StanChart

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Coinbase (NASDAQ:COIN) partnered with Standard Chartered (OTC:SCBFF) allowing users in Singapore to trade using local banks.

The platform introduced the 2-click sign-up system called Singpass.

The new project intends to provide a seamless, safe, and convenient experience to the users.

Coinbase, the American-based publicly traded online cryptocurrency platform, has partnered with the consumer banking corporation Standard Chartered, bestowing its Singapore customers with an opportunity to transfer funds to and from their accounts using any local bank in Singapore for free. Coinbase has also introduced a “2-click” user sign-up system, through the integration of Singpass, making it easier for users to join the platform.

On March 15, Coinbase shared a Twitter thread announcing the introduction of the “free bank transfers and Singpass integration.”

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

In a blog, Hassan Ahmed, Coinbase’s Director in Singapore stated that Coinbase’s upgraded retail platform and its new strategic partnership with Standard Chartered have been focused on providing a “seamless, safe, and convenient experience” for the customers.

Notably, Ahmed provided a glimpse into the features of Coinbase, clarifying the possible doubts of the users. In addition, the director gave a brief explanation of the comprehensive catalog of resources called Coinbase Learning, quoting:

We recognize that investing in the crypto economy can be complicated, which is why we created Coinbase Learning. Our comprehensive catalog of resources is designed to educate customers about the crypto economy, as well as provide tips for safely navigating the market.

It is noteworthy that the firm has upgraded its Help Centre, considering the queries that the customers hold. The upgraded version of the Help Centre is designated to resolve any doubts of the users through an array of tools including live chat.

Further, Ahmed elaborated on the In-Principle Approval (IPA) that the Monetary Authority of Singapore (MAS) granted Coinbase under the Payment Services Act (PSA) allowing the company to provide regulated Digital payment Token (DPT) services in Singapore.

The post Coinbase Embarks on New Venture in Singapore; Partners with StanChart appeared first on Coin Edition.

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Coinbase Embarks on New Venture in Singapore; Partners with StanChart

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