Coinbase announced that it is expanding its fiat deposit, withdrawal, and settlement infrastructure for global institutional investors in cooperation with Standard Chartered. Through this collaboration, exchange users will be able to use AUD, SGD, CAD, and CHF deposit and withdrawal services, and EUR and GBP trade settlements will also be supported. Coinbase explained that this will enable institutional investors to more efficiently manage multi-currency funds and capital movements between global markets. It also added that it plans to strengthen the connectivity between fiat currencies and on-chain assets by expanding its stablecoin infrastructure in the future.
