Coinbase taps Standard Chartered to expand multi-currency funding rails for institutional clients
The Block
Coinbase has partnered with Standard Chartered to provide institutional clients with enhanced multi-currency funding and global capital efficiency.Summary
Coinbase is expanding its institutional capabilities by partnering with Standard Chartered to introduce new multi-currency funding rails. This integration supports currencies including AUD, SGD, CAD, and CHF, alongside GSIB-backed settlement for EUR and GBP. The initiative aims to help institutional clients manage global portfolios more efficiently by reducing foreign exchange friction and operating on resilient banking infrastructure, although the service is currently excluded for Prime Trading clients in the EU.
(Source：The Block)