Coinbase has launched “Coinbase Business” in Singapore, offering an all-in-one crypto operating account to manage global payments, digital assets and automated financial workflows for startups and small and medium-sized enterprises (SMEs).

In partnership with Standard Chartered Bank, the platform enables instant, real-time transfers in Singapore dollars (SGD) for both retail and corporate users. The platform allows businesses to settle transactions instantly in USDC and SGD-backed XSGD, reducing international transfer fees and eliminating chargebacks. It also supports crypto trading, vendor and payroll management, portfolio integration and accounting tools compatible with QuickBooks and Xero.

Companies can also send shareable payment links to accept instant global payments through hundreds of wallets, paying only a 1% transaction fee, which is significantly lower than traditional card processing costs.

According to Sid Coelho-Prabhu, Head of Business at Coinbase, the platform acts as a command center for Singapore’s digitally native companies, allowing them to move their money “as fast as their ambition.”

With features like USDC yield rewards, global payouts and secure portfolio management, Coinbase states the platform aims to simplify how businesses handle crypto and fiat transactions under Singapore’s strict compliance standards.

Early access to Coinbase Business is now available to all Singapore-based companies.