Coinbase Adds New USDC-related and Staking Services for Singaporean Users

Coinbase Global has broadened the scope of its services in Singapore in response to regulatory restrictions in the US, where the company is headquartered.

After attaining in-principle approval from the Monetary Authority of Singapore in October 2022, Coinbase has announced that it is no longer charging fees for the purchase of USDC in SGD, providing rewards for holding USDC on the platform, and launching USDC order books for experienced traders to trade over 200 assets against USDC.

Additionally, the company is also allowing staking for ETH, SOL, ADA, ATOM and XTZ for customers in Singapore.

Hassan Ahmed, Coinbase’s country director for Singapore, has commented:

“The message here is the world is sort of moving on with or without the US and we are very committed as a global company to keep moving forward on international expansion.”