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Deep Tide TechFlow News, May 27 — Coinbase announced a partnership with Standard Chartered Bank to expand its global multi-currency fiat on-ramp for institutional clients, adding support for AUD, SGD, CAD, and CHF, and enabling EUR and GBP settlement through globally systemically important banks, serving Coinbase Prime and Coinbase Exchange.
This partnership aims to improve cross-market fund transfer efficiency for institutions, reduce foreign exchange conversion friction, support institutions in managing multi-currency portfolios in their local currencies, provide funding for global market positions, and optimize cross-region rebalancing processes. Coinbase stated that it will continue to advance the conversion and settlement capabilities between local fiat currencies and local stablecoins in the future.