Coinbase Expands to Singapore with Business-Focused Crypto Platform

Coinbase has launched its specialized business platform in Singapore on November 12, 2025, marking its first expansion beyond the United States. This initiative targets startups and small-to-medium enterprises (SMEs) by providing a crypto operating account that streamlines global finance through cryptocurrency trading, instant payment settlement, and stablecoin-powered transactions.

Through a strategic partnership with Standard Chartered, the platform enables real-time Singapore dollar (SGD) transfers, eliminating traditional banking hurdles. Businesses can access instant SGD deposits and withdrawals, enhanced security protocols, and dedicated enterprise support. Key features include frictionless onchain payments to vendors, contractors, and employees internationally using stablecoins like USDC and XSGD, which offer near-instant settlement and reduced fees compared to conventional methods.

Sid Coelho-Prabhu, head of business at Coinbase, stated, "The future of B2B payments is built on faster, cheaper, and more programmable rails - and that foundation is crypto." The platform integrates payment rails, asset management, and financial reporting into a single solution, with no-fee onboarding and direct accounting reconciliation support for tools like QuickBooks and Xero.

Singapore's progressive regulatory environment and leadership in digital innovation made it an ideal launchpad. Hassan Ahmed, country director for Singapore at Coinbase, highlighted the commitment to supporting the region's dynamic business community. This launch follows Coinbase's participation in the Monetary Authority of Singapore's BLOOM Initiative, focusing on digital asset settlement, and the platform is currently accepting applications from eligible Singapore-based companies for early access.