**Coinbase Launches Coinbase Business in Singapore, Its First Expansion Outside the U.S.**
Coinbase has officially launched **Coinbase Business** in Singapore, marking its first expansion beyond U.S. soil. The new platform targets local small businesses and startups, aiming to facilitate instant payment settlements using stablecoins such as USDC and the Singapore Dollar-backed XSGD.
### Instant Stablecoin Settlement & Reduced Fees
The primary goal of Coinbase Business in Singapore is to reduce international transaction fees and minimize chargebacks that commonly affect cross-border payments. However, the scope of Coinbase’s licensing in Singapore will play a crucial role in determining whether the platform can offer instant stablecoin settlements to all local businesses.
There is still some uncertainty about whether Coinbase Business will handle only specific transaction types, potentially limiting its utility compared to the broader capabilities suggested by Coinbase’s announcement.
### Regulatory Licensing & Limitations
Singapore’s Monetary Authority of Singapore (MAS) lists **Coinbase Singapore Pte. Ltd** as a Major Payment Institution (MPI) authorized to provide Digital Payment Token (DPT) Services and Cross-border Money Transfers. However, the company is not licensed for Merchant Acquisition Services or Domestic Money Transfers.
This limitation could affect Coinbase Business’s ability to process card and wallet payments for merchants or offer local payment processing services. Notably, there are roughly 36 MPI-licensed businesses authorized for DPT services in Singapore, but Coinbase Business could stand out if permitted to offer merchant tools.
### API Access & Partnership Opportunities for Merchants
Coinbase encourages payment providers and platform developers to explore its **Coinbase Business API**. This API enables integration with enterprise resource planning (ERP) systems and invoicing platforms, allowing small and medium-sized businesses (SMBs) to accept payments in XSGD and USDC seamlessly.
Through these APIs, businesses can reconcile payments directly in their accounting ledgers, significantly cutting costs associated with cross-border transactions. Providers interested in building solutions on Coinbase’s platform are advised to develop pricing models that fairly share savings with SMB customers while maintaining healthy profit margins.
### Commitment to Singapore & Regional Engagement
This launch is part of a broader commitment by Coinbase to support the Asia region. Last month, Coinbase sent a delegation to participate in the **MAS BLOOM Initiative**—a collaborative effort focusing on Borderless, Liquid, Open, Online, Multi-currency payments.
Coinbase is actively contributing to discussions on agentic payments and the future of crypto settlements, reinforcing its dedication to shaping Singapore’s innovative financial landscape.
### Integrated Portfolio Management & Global Payouts
Coinbase Business offers Singaporean companies integrated portfolio management tools, enabling efficient handling of digital assets directly from their operating accounts. Businesses can securely buy, sell, and exchange cryptocurrencies on the platform.
Additionally, the platform supports global payouts in USDC to vendors, contractors, and remote employees. Vendor management and payroll automation are integrated through the API, simplifying operational workflows.
Merchants also gain access to shareable payment links to receive instant global payments from customers using hundreds of different wallets. Businesses will only be charged a 1% transaction fee—significantly lower than traditional credit card processing fees.
### Singapore — A Growing Crypto and Finance Hub
With Singapore emerging as a leading hub for the future of finance in Asia, Coinbase sees its business expansion as a natural fit to support the growing regional business community.
Other features of Coinbase Business include a rewarding system for USDC balances and simplified accounting tools, making it an all-in-one operating platform tailored for crypto-based business finance.
### Early Access for Singaporean Companies
Singaporean businesses interested in upgrading their financial infrastructure with Coinbase Business can apply for early access today. Staying ahead in the evolving crypto payments landscape has never been more accessible.
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