- Coinbase (NASDAQ:) has partnered with Standard Chartered (OTC:) allowing users in Singapore to trade using local banks.
- The platform introduced a two-click registration system called Singpass.
- The new project aims to provide a smooth, secure and convenient experience for users.
Coinbase, the US-based publicly traded cryptocurrency platform, has partnered with retail banking firm Standard Chartered, giving its customers in Singapore the chance to transfer money to and from their accounts using any local bank in Singapore for free. Coinbase has also introduced a “two click” user registration system, by integrating Singpass, making it easier for users to join the platform.
On March 15th, Coinbase shared a thread on Twitter announcing the introduction of “free bank transfers and Singpass integration.”
Good news for our customers in Singapore! Coinbase offers free bank transfers and Singpass integration, making it easy to join our platform. We’ve upgraded our help center, created Coinbase Learning, and offer over 200 assets to trade. https://t.co/iQgt51esvy
– Coinbase (@coinbase) March 15, 2023
Coinbase’s revamped retail platform and its new strategic partnership with Standard Chartered focused on providing a “seamless, secure and convenient experience” for customers, Hasan Ahmed, Director of Coinbase in Singapore, said in a blog post.
Notably, Ahmed provided a glimpse into Coinbase’s features, explaining possible doubts users had. In addition, the manager gave a brief explanation of the extensive catalog of resources called Coinbase Learning, citing:
We understand that investing in the crypto economy can be complex, which is why we created Coinbase Learning. Our comprehensive resource catalog is designed to educate clients about the crypto economy, as well as offer tips for safely navigating the market.
It is noteworthy that the company has upgraded its help center, taking into account the inquiries that customers have. The updated version of the Help Center is designed to resolve any doubts users have with a range of tools including live chat.
Further, Ahmed detailed the Initial Approval (IPA) granted by the Monetary Authority of Singapore (MAS) Coinbase under the Payment Services Act (PSA) that allows the company to provide regulated Digital Payment Token (DPT) services in Singapore.
Coinbase embarks on a new project in Singapore; Partners with StanChart first appeared in Coin Edition.