U.S. crypto giant Coinbase has made its first international expansion for its commercial platform, officially launching Coinbase Business in Singapore, Asia’s premier financial technology hub.
The move equips Singaporean startups and Small-to-Medium Businesses (SMBs) with a complete crypto operating stack for global commerce, dramatically reducing the friction and cost of cross-border payments.
The Crypto Command Center
Coinbase Business is positioned as an “all-in-one financial operating platform” that enables firms to move and manage money at digital speed. Core features include:
Instant USDC Payments: Seamless, global payments and payouts using the dollar-backed stablecoin USDC.
Low-Cost Transfers: A flat 1% transaction fee for cross-border payments, significantly undercutting traditional credit card and banking costs.
Integrated Finance: API support for automated payroll, vendor management, and direct integration with accounting software like QuickBooks and Xero.
Asset Management: The ability to securely buy, sell, and manage digital assets directly from the business operating account, including earning yield on USDC balances.
The company stated the platform offers the region’s rapidly growing startup scene “a command center where money moves as fast as ambition.”
Built on Regulatory Compliance
The international debut in Singapore is strategically anchored by a local banking partnership with Standard Chartered, which ensures seamless, real-time transfers in the Singapore Dollar (SGD). This link is crucial for maintaining compliance with the country’s strict financial standards.
Furthermore, the launch builds on Coinbase’s recent participation in the Monetary Authority of Singapore’s (MAS) BLOOM Initiative, a program focused on promoting borderless and compliant digital payments using tokenized assets and stablecoins.
“This expansion underscores our commitment to supporting the region’s innovation economy,” Coinbase said in a statement. The launch comes amidst rising institutional adoption of stablecoins and growing regulatory clarity across the Asian market.
