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Coinbase Launches Coinbase Business in Singapore Targeting Startups and Small to Medium Enterprises

2025.11.12 14:08:25

On November 12th, as per the report in Techinasia, Coinbase has initiated Coinbase Business in Singapore, signifying its maiden international business expansion beyond the United States. The novel platform furnishes cryptocurrency trading and payment services to local startups and small enterprises, by capitalizing on a partnership with Standard Chartered Bank to facilitate real-time transfers in Singapore dollars. Coinbase claims that the service empowers businesses to settle payments promptly by using stablecoins like USDC and XSGD, with the aim of minimizing international transaction costs and transaction risks. Presently, the company is receiving early access applications from eligible Singaporean businesses. This action comes after Coinbase's recent involvement in the Monetary Authority of Singapore's (MAS) BLOOM initiative, which centers around the digital asset settlement sector in Singapore.
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Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $469 million, while Ethereum ETFs saw a net outflow of $30.3 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded a total net outflow of $469 million yesterday. Among this, BlackRock’s IBIT saw a net outflow of $239.3 million, while FBTC posted a net outflow of $120.8 million. In the same period, U.S. spot Ethereum ETFs had a total net outflow of $30.3 million. Of that, BlackRock’s ETHA recorded a net outflow of $8.1 million, and FETH saw a net outflow of $15.7 million.

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