{"id":25121,"date":"2023-12-18T20:01:11","date_gmt":"2023-12-18T20:01:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-adds-usd-transfers-for-users-in-singapore\/"},"modified":"2023-12-18T20:01:11","modified_gmt":"2023-12-18T20:01:11","slug":"coinbase-adds-usd-transfers-for-users-in-singapore","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-adds-usd-transfers-for-users-in-singapore\/","title":{"rendered":"Coinbase adds USD transfers for users in Singapore"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1702926272859-24efedf2-bcbc-4b5b-8a34-c06c48ca1781-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1702926272859-24efedf2-bcbc-4b5b-8a34-c06c48ca1781-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1702926272859-24efedf2-bcbc-4b5b-8a34-c06c48ca1781-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1702926272859-24efedf2-bcbc-4b5b-8a34-c06c48ca1781-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Coinbase says it now supports USD transfers in Singapore.<\/li>\n<li dir=\"ltr\">The exchange\u2019s customers can move US dollars to or from their accounts via SWIFT.<\/li>\n<li dir=\"ltr\">Support for USD transfers is part of Coinbase\u2019s plans to expand its services in the key Singapore market.<\/li>\n<\/ul>\n<p dir=\"ltr\">Crypto exchange Coinbase has announced that retail customers in Singapore now have access to US dollar transfers.<\/p>\n<p dir=\"ltr\">The exchange\u2019s users in the country can now deposit or withdraw USD using their <a href=\"https:\/\/coinjournal.net\/news\/tag\/coinbase\/\">Coinbase<\/a> accounts, the company wrote in a <a href=\"https:\/\/www.coinbase.com\/blog\/usd-transfers-now-available-in-singapore\" rel=\"noopener noreferrer\" target=\"_blank\">blog announcement<\/a>, with these available via the SWIFT network.<\/p>\n<p dir=\"ltr\">\u201c<em>We are excited to announce that US dollar transfers are now available for Coinbase users in Singapore. As part of our mission to increase economic freedom in the world, we build products for our users to better access USDC and the broader crypto ecosystem<\/em>,\u201d Hassan Ahmed, the country director of Singapore at Coinbase, noted.<\/p>\n<p dir=\"ltr\">Support for USD will see Singapore customers access commission-free trading for USD. The move gives customers another option, with Coinbase already offering commission-free trading for the trading of USDC with the Singapore dollar (SGD).<\/p>\n<p dir=\"ltr\">\u201c<em>Now, with the introduction of commission-free trading for US dollars, customers can more easily access USDC \u2013 designed to be pegged, and redeemable 1:1, to the US dollar. Customers can also be rewarded up to 5.05% APY on their USDC simply by holding, with no lockups or maximum limit<\/em>,\u201d Ahmed added.<\/p>\n<h2 dir=\"ltr\">Coinbase eyes further expansion in Singapore<\/h2>\n<p dir=\"ltr\">According to Coinbase, Singapore is a key focus market for its global expansion strategy. Its integration with Singapore\u2019s digital identity platform Singpass helped streamline the crypto exchange\u2019s onboarding process in the Southeast Asia nation.<\/p>\n<p dir=\"ltr\">There are also partnerships with payments provider PayNow, adding it to FAST bank transfers. Meanwhile, the Monetary Authority of Singapore (MAS) granted Coinbase the Major Payment Institution (MPI) licence in October.<\/p>\n<p dir=\"ltr\">Today\u2019s announcement comes just days after Coinbase launched its <a href=\"https:\/\/coinjournal.net\/news\/coinbase-launches-spot-trading-for-non-us-institutional-clients\/\">spot trading markets for non-US institutional customers.<\/a> The platform also recently unveiled money transfer via WhatsApp, Telegram and other <a href=\"https:\/\/coinjournal.net\/news\/coinbase-unveils-global-instant-money-transfers-via-popular-messaging-and-social-platforms\/\">social media platforms<\/a>.<\/p>\n<p dir=\"ltr\">In the US, the exchange continues to fight for clear crypto regulations, and filed an appeal against the US Security and Exchange Commission (SEC) after the regulator <a href=\"https:\/\/coinjournal.net\/news\/sec-denies-rulemaking-petition-filed-by-coinbase\/\">denied its crypto rulemaking petition<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/coinbase-adds-usd-transfers-for-users-in-singapore\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Coinbase says it now supports USD transfers in Singapore. The exchange\u2019s customers can move US dollars to or from their accounts via SWIFT. Support for USD transfers is part of Coinbase\u2019s plans to expand its services in the key Singapore market. Crypto exchange [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25121"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25121"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25122"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}