Coinbase partnered with Standard Chartered to expand global fiat access for institutional clients using Coinbase Prime and Coinbase Exchange. The arrangement enables multi-currency funding across AUD, SGD, CAD, CHF, EUR, and GBP, with deposits, withdrawals, and settlement support tied to major global currencies. The rails are designed to reduce foreign exchange friction, improve capital efficiency, and support trading across spot, derivatives, and financing from one platform. EUR and GBP settlement rely on global systemically important bank-backed infrastructure, while AUD, SGD, CAD, and CHF rails are added directly. Prime Trading clients in the European Union are excluded from the feature. The expansion supports institutional crypto desks moving capital across jurisdictions and links to stablecoin growth for faster settlement and cross-border payments.
"Systemically important bank-backed infrastructure refers to financial networks backed by global systemically important banks (G-SIBs), supporting liquidity, compliance, and cross-border settlement across global markets. Institutional crypto desks often move capital across jurisdictions, products, and time zones. Multi-currency rails give those desks more flexibility when funding bitcoin, stablecoin, and broader digital asset strategies."
Read at news.bitcoin.com
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