BBX Logo Beta

--

[Coinbase Partners with Standard Chartered Bank to Expand Multi-Currency Funding Channels] According to Coinbase, the company has partnered with Standard Chartered Bank to expand multi-currency fiat funding channels for institutional clients. The new additions include support for AUD, SGD, CAD, and CHF, while EUR and GBP settlements will be supported through a globally systemically important bank. This expansion covers Coinbase Prime and Coinbase Exchange. The partnership aims to enhance cross-market fund allocation efficiency, reduce foreign exchange conversion friction, and optimize cross-regional rebalancing processes. Coinbase stated that it will advance the capabilities for local fiat and stablecoin conversion and settlement.

Loading...