Coinbase Expands to Asia With Singapore Market Launch
Coinbase is now offering consumers in Singapore the ability to buy and sell bitcoin using Singapore dollars, a move that marks its formal introduction to the Asian market. The announcement follows on the heels of the news Coinbase would launch services in Canada following a partnership with bitcoin compliance firm Vogogo. Coinbase, which has raised more than $100m in four venture rounds, is now open to consumers in 28 countries globally. Coinbase suggested the announcement is reflective of what it called a welcoming environment for bitcoin in Singapore as well as the region's strong....
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Amid global expansion moves, Coinbase announced on October 1 that it secured a new Major Payment Institution (MPI) license in Singapore. This license will enable it to expand its digital asset payment services to Singapore’s retail and institutional customers. The MPI license comes one year after Coinbase obtained an in-principle approval from Singapore’s Monetary Authority […]
meXBT, a bitcoin exchange based in Mexico, recently expanded its operations to Singapore and even acquired local bitcoin brokerage CoinRepublic. The Mexican company has plans to further expand its reach in the Asia-Pacific marketplace. With its acquisition of CoinRepublic, the most respected and established bitcoin brokerage in Singapore, meXBT can be able to benefit from a large network of local banks, bitcoin exchanges and financial institutions. This will enable meXBT to enter the Singaporean market with ease and establish itself as a major bitcoin exchange in the country. Bitcoin....
The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it's also working with local industry groups to improve regulations. The Singapore-based arm of the United States cryptocurrency exchange Coinbase has received “in-principle approval” to provide crypto services in Singapore from its central bank, the Monetary Authority of Singapore (MAS).Speaking to Cointelegraph, Hassan Ahmed, CEO of Coinbase Singapore and the exchanges’ regional director for Southeast Asia, said Singapore is a key institutional market for the exchange in....
Leading bitcoin exchange and wallet provider Coinbase has expanded its services to Canada and Singapore as a part of its project to expand their services globally. Now, consumers in Singapore are able to buy and sell bitcoin for Singapore dollars through Coinbase. This follows the company's announcement from ealier this week that Coinbase users based in Canada will be able to buy and sell bitcoin with Canadian dollars instantly, using the Coinbase Wallet. Additionally, users will be able to buy and sell bitcoin with a Canadian bank account directly and trade BTC/CAD on Coinbase's exchange.....
Aiming to expand in Asia, particularly in the Southeast, the leading exchange platform of digital currencies in Mexico, meXBT, has bought CoinRepublic, a Singapore-based cryptocurrency brokerage firm. Despite the fact that there are a limited number of merchants accepting Bitcoin in Southeast Asia, cryptocurrency companies are entering the region to tap what they believe to be a huge potential. The region’s population is twice as large as that of the US; the population is tech-savvy, and the governments are not hostile to the cryptocurrencies. meXBT’s decision to acquire CoinRepublic, the....