Coinbase Introduces Free Local Bank Transfers for Singapore Clients

As Coinbase (NASDAQ:COIN) prepares to ramp up their international expansion over the next 8 weeks, they are beginning this journey in Singapore.

Their upgraded retail platform, in addition to their new strategic banking partnership with Standard Chartered, aims “to provide you with a seamless, safe, and convenient experience when trading digital assets.”

Effective immediately, customers in Singapore can easily “transfer funds to and from their Coinbase account using any local bank in Singapore for free.”

This means you can easily “cash in or cash out of your Coinbase account using bank transfers, giving you more flexibility and control over your assets.”

Coinbase is also pleased “to introduce Singpass, the familiar and secure “2-click” experience that Singaporeans are accustomed to using across their apps, making it even easier for you to join our platform.”

The firm understands that you may “have questions when trading digital assets, which is why we have upgraded our Help Centre.” Their team of experts is “available to answer any questions you may have and provide the support you need through an array of tools including live chat.”

Their platform “offers over 200 assets, providing their customers with greater access to popular crypto assets such as Bitcoin and Ethereum.”

However, they recognize that “investing in the cryptoeconomy can be complicated, which is why we created Coinbase Learning.”

Their comprehensive catalogue of resources is “designed to educate customers about the cryptoeconomy, as well as provide tips for safely navigating the market.”

From beginner-friendly guides to advanced trading strategies, Coinbase Learning is the go-to destination “for anyone looking to deepen their understanding of the cryptoeconomy and its use cases.”

They believe that “access to quality education is essential to empowering their customers to make informed decisions and achieve their financial goals in the crypto space.”

The firm added:

“We are proud to have received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide regulated Digital Payment Token (DPT) services in the island state. Compliance has always been a top priority for us, and we will continue to strive to be the most trusted and secure platform to trade digital assets.”

As Singapore aims “to become a global crypto and blockchain hub, they are committed to supporting these ambitions and bringing the best product experience to the Singapore market.”


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