Coinbase Launches Business Platform in Singapore to Support Local Crypto Payments and Trade

Highlights:

• Coinbase has launched its business platform in Singapore to offer instant crypto payments.
• Singapore has become the first market to access Coinbase Business for USDC and XSGD stablecoin transactions.
• The Coinbase platform enables local firms to automate payroll and manage crypto operations efficiently.

Coinbase has rolled out its first international business platform in Singapore, marking a key step beyond its United States operations. The new service, named Coinbase Business, targets startups and small-to-medium enterprises seeking efficient crypto payment and trading solutions.

🚀 LATEST: COINBASE BUSINESS IS EXPANDING TO SINGAPORE, MARKING ITS FIRST LAUNCH OUTSIDE THE UNITED STATES. pic.twitter.com/2SjSj9CpZs

— Coinwaft (@coinwaft) November 12, 2025

The platform allows businesses to send and receive immediate payments of USDC, automate payroll, and manage their crypto holdings, all with a few clicks in their accounts. It also integrates with accountancy tools such as QuickBooks and Xero, which assist companies in entering and reconciling payments and maintaining records of financial data smoothly.

Coinbase said the system offers global payouts and reduces cross-border payment fees to about one percent, far below credit card processing costs.

Singapore’s role as a leading fintech center made it a natural choice for this launch. The exchange has partnered with Standard Chartered Bank to support real-time Singapore dollar transfers. This partnership strengthens the link between fiat and crypto systems under the country’s financial framework.

Coinbase stated that the platform gives businesses faster and programmable financial tools. It added that the move builds on its collaboration with the Monetary Authority of Singapore under the BLOOM Initiative. That program focuses on borderless digital payments and innovation in financial services. The company believes the launch strengthens its commitment to Singapore’s growing innovation economy.

Coinbase Launches Business Platform with Focus on Integration and Compliance

Coinbase designed the platform to serve as a full crypto operating system for enterprises. Its built-in capabilities enable businesses to purchase, sell, and maintain digital assets safely. Businesses can create payment links, issue payroll in the form of stablecoins, and pay international vendors with either USDC or Singapore-backed XSGD.

The Monetary Authority of Singapore has licensed the company to provide digital payment token services and cross-border money transfers. The license, however, does not apply to domestic transfers or merchant acquisitions that might restrict some of the local processing capabilities. Nonetheless, Coinbase indicated that it will keep collaborating with local partners to increase accessibility and compliance.

The exchange also motivates software providers to make integrations with its APIs. Coinbase Business tools can be built into enterprise resource planning platforms and invoicing systems to accommodate XSGD and USDC payments. These integrations will help reduce transaction costs and make financial reconciliation easier.

Coinbase also participates in the MAS BLOOM Initiative’s agentic payments workstream. The company said this involvement helps shape digital payment standards across the region. It emphasized that the goal is to make crypto settlements faster, cheaper, and compliant.

MAS launches BLOOM to standardize multi-currency digital settlements with Circle, DBS, OCBC, Coinbase — programmable compliance, AI payments, G10/Asian coverage and wholesale use cases. Smart step for liquidity and rails, but governance and interoperability will be tested.

— Nifty (@nifty0x) October 19, 2025

Singapore Becomes Coinbase’s Gateway to Asian Markets

Singapore has become the primary hub of Coinbase in Asia to facilitate its long-term Asia strategy. The firm previously scaled back in Japan but has relaunched in India, showing renewed interest in Asian markets.

Coinbase said the Singapore launch offers a foundation for broader regional growth. It plans to use Singapore’s market strength and regulatory clarity to expand its business network across Asia. Local firms can already request early access to Coinbase Business. The platform promises to help Singaporean companies integrate crypto into their daily operations with lower costs and higher speed.

The exchange added that this launch is part of a series of efforts to build digital financial infrastructure across Asia. Coinbase believes that success in Singapore could open doors to new partnerships and future expansion in neighboring markets.