Coinbase has expanded its partnership with Standard Chartered Bank to enhance its multi-currency fiat on-ramp and settlement channels for institutional clients. This integration allows fund transfers in AUD, SGD, CAD, and CHF, alongside existing EUR and GBP support. The service, available to institutional clients engaged in spot, derivatives, and financing activities, aims to reduce costs and time delays associated with currency conversions.
In addition to institutional services, Coinbase has reinstated its Direct Deposit feature for U.S. users, enabling automatic salary allocations to USDC or other crypto assets without transaction fees. These initiatives highlight Coinbase's strategy to bolster both its institutional and retail offerings. Despite these developments, Coinbase's stock price recently fell to $180.60, amid pressures from reduced trading activity and restructuring costs.
Coinbase Expands Multi-Currency On-Ramp with Standard Chartered
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