What Coinbase’s move to Singapore means for U.S. banking systems
On 15 March, Coinbase announced that it had secured a partnership with TradFi giant Standard Chartered. This move undermined recent directives by regulators aiming to prevent the flow of liquidity into the crypto market.Crypto regulators issued a directive to U.S banks in February, requiring them not to engage in business with crypto companies.
However, Coinbase moved forward nonetheless. According to a recent announcement, the partnership will provide a free on-ramp and off-ramp for crypto users in Singapore.<p lang=«en» dir=«ltr» xml:lang=«en»>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.
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