The new cooperation will allow Coinbase to offer free transfers in Singapore.
After the banking turmoil in the USA, some crypto companies struggle to find banking partners.
Coinbase
Global Inc. has formed a strategic partnership with Standard Chartered in
Singapore to offer its clientele a seamless solution for transferring funds
between any financial institution and the cryptocurrency exchange.
This
collaboration comes at a crucial time when traditional banking services for
digital asset service providers are becoming increasingly scarce due to the
growing regulatory pressure and the recent collapse of crypto-friendly banks like
Silicon Valley Bank (SVB) and Signature Bank in the US.
Coinbase Finds New Banking
Partner in Singapore
According
to the Coinbase statement published on Wednesday, Coinbase customers may use
Singapore dollars for transfers via local banking institutions operating in the
Asian country without additional charges.
According
to Ankur Kanwar, the Head of Cash Products for Singapore and ASEAN at Standard
Chartered, the collaboration between Coinbase and the bank will empower users
to conduct real-time transactions while enabling automatic reconciliation of
user accounts.
In an
interview with Bloomberg, Hassan Ahmed, the Country Director for Coinbase
Singapore, mentioned that Standard Chartered will provide the facility to on-
and off-ramp their funds. Ahmed highlighted that this scenario for
banking integration contrasts with the current uncertainty of the markets. However,
he further revealed that the negotiations with Standard Chartered had been
underway prior to the recent downfall of three US banks in the past week.
Coinbase's
finding of a new banking partner is worth highlighting, especially when several
major cryptocurrency companies are struggling to find similar partners and
replacements in the US since the turmoil in the local banking sector began last
week.
Operations
were first halted by Silvergate Capital Corp. and then followed by SVB and
Signature Bank. The cessation of operations by those mentioned above is painful
for the cryptocurrency industry, as they provided 24/7 service, ensuring the
free flow of funds into and out of this booming sector.
Last year, Coinbase received in-principal approval from the Monetary Authority of Singapore (MAS),
thus gaining the status of a Major Payments Institution under the local Payment
Services Act. MAS' digital payment token license is considered to be one of the
most stringent approvals for cryptocurrency companies.
After Signature Bank
Collapsed, Coinbase Discloses Massive Exposure
Coinbase is
one of those cryptocurrency service providers that directly felt the adverse
effects of the collapse of US banks last week. The exchange has revealed a $240
million deposit with Signature Bank. However, the exposure did not affect
Coinbase's operations, as the exchange currently processes transactions through
other banking partners.
"Despite
the turbulence we have seen in the traditional banking sector recently,
Coinbase continues to operate as usual. At Coinbase, all client funds continue
to be safe and accessible, including USDC conversions which will resume on
Monday," Coinbase added.
Moreover, panic was evident for a while on Coinbase (NASDAQ:COIN) shares, which lost more
than 17% last week. However, they are recovering most of their losses this week
and are back above $62.
Source: Tradingview.com
At the end
of February, the exchange published its fourth quarter results, reporting a
loss of $557 million and a 75% decline in net revenue to $605 million compared
to last year. However, quarterly revenue exceeded analysts' expectations of
$588 million.
Coinbase
Global Inc. has formed a strategic partnership with Standard Chartered in
Singapore to offer its clientele a seamless solution for transferring funds
between any financial institution and the cryptocurrency exchange.
This
collaboration comes at a crucial time when traditional banking services for
digital asset service providers are becoming increasingly scarce due to the
growing regulatory pressure and the recent collapse of crypto-friendly banks like
Silicon Valley Bank (SVB) and Signature Bank in the US.
Coinbase Finds New Banking
Partner in Singapore
According
to the Coinbase statement published on Wednesday, Coinbase customers may use
Singapore dollars for transfers via local banking institutions operating in the
Asian country without additional charges.
According
to Ankur Kanwar, the Head of Cash Products for Singapore and ASEAN at Standard
Chartered, the collaboration between Coinbase and the bank will empower users
to conduct real-time transactions while enabling automatic reconciliation of
user accounts.
In an
interview with Bloomberg, Hassan Ahmed, the Country Director for Coinbase
Singapore, mentioned that Standard Chartered will provide the facility to on-
and off-ramp their funds. Ahmed highlighted that this scenario for
banking integration contrasts with the current uncertainty of the markets. However,
he further revealed that the negotiations with Standard Chartered had been
underway prior to the recent downfall of three US banks in the past week.
Coinbase's
finding of a new banking partner is worth highlighting, especially when several
major cryptocurrency companies are struggling to find similar partners and
replacements in the US since the turmoil in the local banking sector began last
week.
Operations
were first halted by Silvergate Capital Corp. and then followed by SVB and
Signature Bank. The cessation of operations by those mentioned above is painful
for the cryptocurrency industry, as they provided 24/7 service, ensuring the
free flow of funds into and out of this booming sector.
Last year, Coinbase received in-principal approval from the Monetary Authority of Singapore (MAS),
thus gaining the status of a Major Payments Institution under the local Payment
Services Act. MAS' digital payment token license is considered to be one of the
most stringent approvals for cryptocurrency companies.
After Signature Bank
Collapsed, Coinbase Discloses Massive Exposure
Coinbase is
one of those cryptocurrency service providers that directly felt the adverse
effects of the collapse of US banks last week. The exchange has revealed a $240
million deposit with Signature Bank. However, the exposure did not affect
Coinbase's operations, as the exchange currently processes transactions through
other banking partners.
"Despite
the turbulence we have seen in the traditional banking sector recently,
Coinbase continues to operate as usual. At Coinbase, all client funds continue
to be safe and accessible, including USDC conversions which will resume on
Monday," Coinbase added.
Moreover, panic was evident for a while on Coinbase (NASDAQ:COIN) shares, which lost more
than 17% last week. However, they are recovering most of their losses this week
and are back above $62.
Source: Tradingview.com
At the end
of February, the exchange published its fourth quarter results, reporting a
loss of $557 million and a 75% decline in net revenue to $605 million compared
to last year. However, quarterly revenue exceeded analysts' expectations of
$588 million.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
From Chat to Stock: xStocks Puts Tokenized U.S. Equities Inside TON Wallet on Telegram
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
