As crypto markets have matured, institutions are now running complex strategies across spot, derivatives, and financing
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"As institutional participation scales across regions, the ability to move capital efficiently across currencies has become a critical requirement," Coinbase said.
Key facts
The integration with the international bank introduces new currency rails across AUD, SGD, CAD, and CHF, as well as GSIB-backed settlement for EUR and GBP, with institutional access available
Coinbase said this will allow clients to run global trading books without forced FX consolidation, reduce FX drag across strategies, allocate capital more efficiently, and operate on reliable Global
Coinbase has extended its partnership with Standard Chartered to unlock multi-currency funding rails for institutional clients
Separately on Tuesday, Coinbase relaunched Direct Deposit for U.S. customers, allowing them to automatically allocate a portion of their paycheck into assets such as USDC and other cryptocurrencies
Summary
Coinbase has extended its partnership with Standard Chartered to unlock multi-currency funding rails for institutional clients. As crypto markets have matured, institutions are now running complex strategies across spot, derivatives, and financing, Coinbase said in a blog post. The integration with the international bank introduces new currency rails across AUD, SGD, CAD, and CHF, as well as GSIB-backed settlement for EUR and GBP, with institutional access available across Coinbase Prime and Coinbase Exchange. Coinbase said this will allow clients to run global trading books without forced FX consolidation, reduce FX drag across strategies, allocate capital more efficiently, and operate on reliable Global Systemically Important Bank infrastructure.