Coinbase has expanded its partnership with global bank Standard Chartered to provide institutional clients with broader access to fiat currency funding across multiple markets. The collaboration adds new, direct funding rails for Australian, Singaporean, and Canadian dollars, as well as the Swiss franc, in addition to providing GSIB-backed settlement for the euro and British pound. This service is available across both Coinbase Prime and Coinbase Exchange.
The strategic goal is to reduce operational friction and costs for institutional clients who manage capital across various regions and strategies. By enabling clients to operate global books without being forced to consolidate positions into a single base currency, Coinbase aims to facilitate faster funding and more efficient rebalancing of capital. The move underscores Coinbase's focus on building out its infrastructure to better serve the sophisticated needs of institutional finance.