Coinbase, Standard Chartered Partner to Add 6 Currency Access
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Coinbase is expanding fiat access for institutional crypto clients through Standard Chartered, adding multi-currency funding access across six major currencies.
Key facts
Crypto exchange Coinbase (Nasdaq: COIN) announced on May 26 that it is partnering with Standard Chartered to expand global fiat access for institutional clients using Coinbase Prime and Coinbase
AUD, SGD, CAD, and CHF rails are being added directly, while EUR and GBP settlement will use global systemically important bank-backed infrastructure
Prime Trading clients in the European Union are excluded from the feature
Coinbase is expanding fiat access for institutional crypto clients through Standard Chartered, adding multi-currency funding access across six major currencies
Summary
Coinbase expanded institutional fiat access through Standard Chartered across six major currencies. New rails aim to reduce currency friction, settlement delays, and funding constraints. Institutional crypto demand is supporting deeper integration between banking systems and on-chain markets. Crypto exchange Coinbase (Nasdaq: COIN) announced on May 26 that it is partnering with Standard Chartered to expand global fiat access for institutional clients using Coinbase Prime and Coinbase Exchange.