Coinbase Makes a Splash in Singapore: USD Transfers Now Supported

Coinbase Expands Services to Include USD Transfers in Singapore

Coinbase now enables users in Singapore to transfer USD.

Hey there, digital asset investors! You’ll be thrilled to know that Coinbase is making big waves in Singapore. In their quest for world domination (well, economic freedom, at least), Coinbase has just announced that retail customers in Singapore now have the power to transfer US dollars. Cue the applause!

Through the magic of SWIFT, users in the country can easily deposit or withdraw USD using their Coinbase accounts. It’s like wielding a financial wand that puts the power of USD right at their fingertips. And let’s be honest, who doesn’t love the sweet sound of commission-free trading? With this move, Singapore customers can now enjoy commission-free trading for USD, in addition to the existing commission-free trading for USDC with the Singapore dollar (SGD). It’s a win-win!

“Now, with the introduction of commission-free trading for US dollars, customers can more easily access USDC – designed to be pegged, and redeemable 1:1, to the US dollar. Customers can also be rewarded up to 5.05% APY on their USDC simply by holding, with no lockups or maximum limit,” says Hassan Ahmed, the country director of Singapore at Coinbase. Cha-ching!

Singapore is a key focus market for Coinbase’s global expansion strategy. They have integrated with Singapore’s digital identity platform Singpass, making the onboarding process smoother than a freshly waxed slide. Not to mention, their partnerships with payments provider PayNow and the grant of the Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). They’re locking in those alliances, folks!

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But wait, there’s more! Just when you thought Coinbase couldn’t get any cooler, they launched spot trading markets for non-US institutional customers. Talk about upping their game! Plus, they’ve got money transfer options via WhatsApp, Telegram, and other social media platforms. It’s like they’re the superheroes of the crypto world, battling for clear crypto regulations and fighting against the big, bad SEC. They’re not backing down, folks!

So, fellow investors, take a moment to rejoice. Coinbase is bringing USD transfers to Singapore, opening up a whole new realm of possibilities. With their user-friendly platform and exciting rewards, Coinbase is here to make your crypto dreams come true. Start trading, start earning, and let the fun begin!

Now, tell us, what’s your wildest crypto dream? Share it in the comments below!

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