Crypto Exchange Coinbase Ties Up With StanChart in Singapore for Free Transfers
- Users of the crypto exchange can on- and off-ramp using SGD
- Several crypto firms scrambling for new banking partnerships
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Coinbase Global Inc. has joined with Standard Chartered in Singapore to provide its users an option to move funds between any lender and the cryptocurrency exchange at a time when banking options for digital token service providers are dwindling.
Under the arrangement, Coinbase users can transfer Singapore dollars to and from the platform via any local bank in the country for free, Coinbase said in a statement Wednesday. Standard Chartered will offer that connection to on- and off-ramp their money, Hassan Ahmed, country director for Coinbase Singapore, said in an interview.