Coinbase and Standard Chartered are expanding the channel of crypto financing around the world
Coinbase has expanded its partnership with Standard Chartered to provide the institution’s clients with broader access to fiat currencies in all global markets.
Summary
- Coinbase has added standard chartered currency rails for AUD, SGD, CAD, CHF, EUR and GBP.
- Institutional clients can manage global ledgers without forced FX integration across Coinbase Prime and Exchange.
- Direct Deposit is back for US customers, adding paycheck-to-crypto share with zero transaction fees nationwide.
The merger adds new routes for AUD, SGD, CAD, and CHF, as well as GSIB-backed settlement for EUR and GBP.
This service is available on Coinbase Prime and Coinbase Exchange. Coinbase said the goal is to help institutions manage money across the board, derivatives, and financing strategies without moving all positions through a single base currency.
Partnerships aim for FX friction
Coinbase said the agency’s work now covers several regions, currencies, and trading strategies. That made the movement of money and the speed of funding a major operational problem for crypto firms, asset managers, and trading desks.
The company said the expanded instruments will allow clients to run global books without forced FX consolidation, reduce conversion costs, fund positions faster, and rebalance across regions. It added that this feature is not currently available to Prime Trading customers in the EU.
Coinbase said, “The direction is clear. A system where capital is not restricted by location, banking hours, or legacy infrastructure.” The lineup shows how exchanges are forming partnerships as part of a broader shift toward a faster financial infrastructure.
Direct deposit returns for US users
Coinbase is relaunching Direct Deposit for US customers on May 26. This feature allows users to split a portion of their check into cash, USDC, or other crypto assets without trading fees.
Users can set up the feature through the Coinbase app, enable account and routing information, share it with the employer, and choose automatic distribution. Coinbase said Direct Deposit is available in the US at launch, with plans to expand to more regions later this year.
The consumer rollout fits Coinbase’s stated goal of transforming the app into a comprehensive financial hub. The company said the feature connects income, investing, saving, and trading in a single account.
Stablecoin trains are always part of the big push
As previously reported by crypto.news, Coinbase says that stablecoins will settle at 33 trillion in 2025, compared to Visa’s payment volume of $16.7 trillion in 2025. The report said that Coinbase is building stablecoins as a fast, low-cost internet currency compared to older payment instruments.
Standard Chartered’s deal is also in line with broader market trends. Previous reports showed Circle, Coinbase, and Ripple backing Tazapay’s $36 million raise as more firms build fiat and stablecoin payment gateways for banks, fintechs, and global businesses.
As previously reported, Rain has added MasterCard support as stablecoin infrastructure firms attempt to integrate on-chain settlement with existing payment networks. The report noted that firms such as Stripe and Coinbase are adding stablecoins to their systems.
