Crypto exchange Coinbase has partnered with global banking giant Standard Chartered to expand fiat banking access for institutional crypto clients worldwide.
According to the announcement, the collaboration will introduce additional multi-currency funding and settlement rails across Australian dollars (AUD), Singapore dollars (SGD), Canadian dollars (CAD), Swiss francs (CHF), euros (EUR), and British pounds (GBP).
The company said the new infrastructure will be integrated across Coinbase Prime and Coinbase Exchange, allowing institutional users to manage funding, settlements, and trading activity across multiple currencies without relying heavily on a single base currency.
Coinbase expands institutional infrastructure
Coinbase stated that institutional crypto trading strategies have become increasingly global and complex, with firms now operating simultaneously across spot, derivatives, financing, and cross-border markets.
The exchange said the expanded banking rails are designed to help institutions:
- Move capital more efficiently across regions.
- Reduce foreign exchange conversion costs.
- Improve cross-border settlement flexibility.
- Access faster multi-currency funding options.
- Operate through institution-grade banking infrastructure.
The partnership also adds GSIB-backed settlement support for euro and pound-denominated transactions.
Stablecoins and treasury become a larger focus
The broader push toward institutional-grade fiat and settlement infrastructure also comes as crypto trading platforms increasingly consolidate around regulated stablecoins and external treasury partners.
Earlier this month, Hyperliquid discontinued support for its USDH stablecoin initiative and shifted treasury operations toward USDC infrastructure with support from Coinbase as a treasury partner.
Despite recording more than $2 million in trading volume on launch day and offering incentives such as lower taker fees and higher maker rebates for USDH trading pairs, the stablecoin reportedly struggled to achieve broader market adoption.
Stablecoins and cross-border settlement
The company also noted that future infrastructure upgrades may increasingly connect local fiat systems with stablecoin-based settlement networks.
Coinbase said the long-term objective is to enable faster cross-border capital flows and reduce reliance on traditional banking limitations such as geographic restrictions and banking-hour delays.
The announcement arrives as competition intensifies among major crypto exchanges and fintech firms seeking to build institutional-grade payment and settlement infrastructure tied to digital assets.
Coinbase expands AI-onchain tools
The banking partnership comes shortly after Coinbase introduced its new Base MCP system, a tool designed to connect AI platforms such as OpenAI’s ChatGPT and Anthropic’s Claude to onchain applications.
According to Coinbase, the system allows AI agents and applications to interact with blockchain-based functions, including token transfers, trading activity, and decentralized finance tools through Coinbase’s Base ecosystem.
The rollout reflects a broader trend across the crypto industry where firms are increasingly exploring integrations between artificial intelligence systems and blockchain infrastructure.
Also read: Hong Kong Expands Crypto Licensing With New Proposal for Advisors
