Coinbase came bearing gifts for its Singapore customers, allowing them an open access to free bank transfers from their Coinbase accounts.To enrich the experience, they introduced Singpass facilitating easy joining. The crypto exchange has also upgraded its help centers and now offers more than 200 assets for trading. They alongside came up with Coinbase Learning that aims at educating customers about cryptocurrency and likewise.
Coinbase embarks on International Expansion
The crypto exchange is preparing to embark on eight week international expansion endeavor. And is excited about starting from Singapore. Their now upgraded retail platform, coupled with a strategic partnership with Standard Chartered, focuses on providing a seamless, convenient, and safe trading experience for digital assets.
The Easy fund transfer from the Coinbase accounts using any local Singaporean bank for free is effective immediately for all Lion City or Garden City citizens. This facility allows easy cash in and cash-outs from Coinbase accounts using simple bank transfers. Thereby providing added flexibility and control over the assets.
Singpass- The gift for Singaporean Customers
Coinbase is pleased to introduce Singpass– a familiar and secure “2-click” experience used by Singaporeans across other apps. This acquaintance makes it an even smoother experience to join the platform.
While trading digital assets, certain doubts may arise; Coinbase seems well aware of this and has upgraded its Help Centre, where a team will be at its disposal to answer the queries anytime. They will also assist in navigating various tools, including live chats.
Coinbase – The International Expansion Journey
In the coming eight weeks, Coinbase is likely to cover 6 continents for expansion as major countries are embracing cryptocurrencies on their way. These steps are considered to place them strategically on the crypto map.
The UK Prime Minister has already shared his desire to make London an international crypto hub. The country’s Financial Services Minister, Andrew Griffith, also discussed the endeavor’s great potential.
European Union is soon to enforce MiCA crypto regulations in a few weeks. EU member Germany is now a center for emerging blockchain activities, while Berlin is becoming a global hub.
Brazil’s Central Bank also announced its plans to leverage its Pix payment system. This would encourage banks to hold digital assets. UAE is also building strong regulatory momentum for crypto in Abu Dhabi. They have recently announced their ambitious framework for licensing the framework for digital assets.
Australia is in the middle of the consultation process for token mapping and could further venture into licensing and custody regime for crypto in 2023. Singapore already has a regulatory framework and seeks to balance innovation and customer protection.
China has been working on Central Bank Digital Currency (CBDC) for a long; recently, they have approved Hong Kong’s consultation for a new crypto licensing regime. This would allow crypto innovation to blossom on the island. Japan is refining its policies around DAOs, NFTs, and stablecoins.
Switzerland has already positioned itself as a hub for cryptocurrency and blockchain technology. They might also site themselves as a Crypto nation, nurturing the crypto industry. Bermuda’s long-standing and globally-recognized financial regime and insurance regulatory policies also approved of ambitions of becoming a crypto hub.
Initiatives from such big players in the crypto industry are crucial in expanding the industry’s horizon, as they would increase the general confidence of the masses.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/03/15/coinbase-present-singpass-as-singaporeans-enjoy-free-bank-transfers/