Coinbase Expands To Singapore With Free Bank Transfers And Singpass Integration

Coinbase has announced its expansion into Singapore. This move comes as the company prepares to ramp up its international expansion over the next eight weeks. The company has also announced a strategic banking partnership with Standard Chartered Bank to provide its users with a seamless, safe, and convenient experience when trading digital assets.

Trading with Singpass Integration

Effective immediately, Coinbase customers in Singapore can transfer funds to and from their Coinbase account using any local bank in Singapore for free. This will give users more flexibility and control over their assets, making it easier to cash in or cash out of their Coinbase account using bank transfers.

The company is also introducing Singpass, a familiar and secure “2-click” experience that Singaporeans are accustomed to using across their apps, making it even easier for users to join the platform.

Coinbase’s platform offers over 200 assets, providing its customers with greater access to popular crypto assets such as Bitcoin and Ethereum. The company has also upgraded its Help Centre, and its team of experts is available to answer any questions customers may have and provide support through an array of tools, including live chat.

 

Education Platform

The company has created Coinbase Learning, a comprehensive catalogue of resources designed to educate customers about the cryptoeconomy, as well as provide tips for safely navigating the market. From beginner-friendly guides to advanced trading strategies, Coinbase Learning is the go-to destination for anyone looking to deepen their understanding of the cryptoeconomy and its use cases.

 

Compliance and Security

Coinbase has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide regulated Digital Payment Token (DPT) services in the island state. Compliance has always been a top priority for the company, and it will continue to strive to be the most trusted and secure platform to trade digital assets.