Standard Chartered and Coinbase Strengthen Partnership to Support Crypto Institutions

• Standard Chartered and Coinbase expand partnership for institutional crypto services.
• New offerings include trading, custody, staking, and prime services.
• Partnership builds on Singapore collaboration, aiming for secure digital assets.

Standard Chartered, a prominent British multinational bank, has expanded its partnership with Coinbase, aiming to develop robust crypto infrastructure for institutional clients. The focus of this collaboration will be to offer a comprehensive suite of services, including trading, prime services, custody, staking, and lending.

The partnership is a significant step forward in integrating traditional banking services with the evolving world of digital assets. Standard Chartered’s expertise in cross-border banking and custody solutions will complement Coinbase’s institutional crypto platform, designed to meet the demands of regulated entities. According to Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, both companies seek to explore secure, transparent, and interoperable solutions for the institutional crypto market, ensuring compliance and security at every level.

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Expanding on Existing Cooperation in Singapore

This new collaboration builds on their existing partnership in Singapore, where Standard Chartered has already been providing banking connectivity for Coinbase. This arrangement enables Coinbase customers to perform real-time Singapore dollar transfers on the platform. The ongoing cooperation demonstrates both companies’ commitment to delivering seamless financial services and further solidifies the growing relationship between traditional financial institutions and the cryptocurrency space.

Moreover, this partnership highlights the growing trend of traditional financial institutions embracing cryptocurrency solutions. Last year, Standard Chartered also partnered with Crypto.com to offer retail banking services in over 90 countries, allowing users to deposit and withdraw major currencies, such as the US dollar and euro.

A New Era of Crypto Solutions for Institutions

As part of their joint efforts, both Standard Chartered and Coinbase aim to develop an integrated service offering tailored for institutional clients. This new framework will enable institutions to manage and trade digital assets within a secure and compliant environment, bridging the gap between traditional finance and digital assets. By pooling their resources, the two firms are positioning themselves to lead the way in providing services for institutional investors looking to navigate the rapidly evolving crypto landscape.

Coinbase, for its part, is preparing to launch new products next week, which could include prediction markets and tokenized stocks. This expansion of services will enhance the platform’s offering for institutional clients and broaden its appeal in the growing digital assets market.

The collaboration between Standard Chartered and Coinbase is a significant move towards legitimizing and securing the digital assets market. It offers a promising future for institutional investors looking for reliable and secure platforms to engage with cryptocurrencies.

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