Coinbase adds multicurrency funding with Standard Chartered

Coinbase has expanded its partnership with the international bank Standard Chartered to provide enhanced multicurrency funding and settlement services for its institutional clients. The move aims to reduce friction for large-scale investors operating across global cryptocurrency markets.

The expanded integration introduces new payment rails for Australian dollars, Singapore dollars, Canadian dollars, and Swiss francs. It also provides settlement capabilities backed by a globally systemically important bank for transactions in euros and British pounds. These services are available through both the Coinbase Prime and Coinbase Exchange platforms, though they are not currently accessible for Prime Trading clients within the European Union.

According to the company, the initiative addresses a key operational challenge for financial institutions that manage trading portfolios across multiple jurisdictions. By allowing clients to fund accounts and settle transactions in their preferred local currencies, the system is designed to help firms avoid repeated foreign exchange conversions, reduce associated costs, and allocate capital more quickly across different regions. The company stated...