From Singpass to Free Bank Transfers: a Seamless, Safe, and Convenient Experience for Retail Customers in Singapore
TL;DR: Retail customers in Singapore can now transfer funds to and from their Coinbase accounts using any bank in Singapore for free, and Singpass has been introduced to make joining the platform even easier. Coinbase has also upgraded its help centre, offers over 200 assets for trading, and created Coinbase Learning to educate customers about the cryptoeconomy.
As we prepare to ramp up our international expansion over the next 8 weeks, we are thrilled to begin this journey in Singapore. Our upgraded retail platform, in addition to our new strategic banking partnership with Standard Chartered, aims to provide you with a seamless, safe, and convenient experience when trading digital assets.
Effective immediately, customers in Singapore can easily transfer funds to and from their Coinbase account using any local bank in Singapore for free. This means you can easily cash in or cash out of your Coinbase account using bank transfers, giving you more flexibility and control over your assets.
We are also pleased to introduce Singpass, the familiar and secure “2-click” experience that Singaporeans are accustomed to using across their apps, making it even easier for you to join our platform.
We understand that you may have questions when trading digital assets, which is why we have upgraded our Help Centre. Our team of experts is available to answer any questions you may have and provide the support you need through an array of tools including live chat.
Our platform offers over 200 assets, providing our customers with greater access to popular crypto assets such as Bitcoin and Ethereum. However, we recognize that investing in the cryptoeconomy can be complicated, which is why we created Coinbase Learning. Our comprehensive catalogue of resources is designed to educate customers about the cryptoeconomy, as well as provide tips for safely navigating the market. From beginner-friendly guides to advanced trading strategies, Coinbase Learning is the go-to destination for anyone looking to deepen their understanding of the cryptoeconomy and its use cases. We believe that access to quality education is essential to empowering our customers to make informed decisions and achieve their financial goals in the crypto space.
We are proud to have received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide regulated Digital Payment Token (DPT) services in the island state. Compliance has always been a top priority for us, and we will continue to strive to be the most trusted and secure platform to trade digital assets.
As Singapore aims to become a global crypto and blockchain hub, we are committed to supporting these ambitions and bringing the best product experience to the Singapore market.
About Hassan Ahmed
Hassan serves as the Country Director of Singapore at Coinbase. His background encompasses significant roles in both web3 and fintech, making him a knowledgeable leader in the regional cryptocurrency industry.
Prior to Coinbase, Hassan held positions at GoTo Group. As the Chief Executive Officer of Coins.ph, managing operations of the crypto brokerage in the Philippines. Concurrently, he was the Head of Strategy for Gopay, Indonesia's eWallet service.
Hassan's professional experience extends to New York, where he oversaw the launch of eToro’s regulated crypto trading platform in the United States as Director of Finance & Operations. Additionally, he was Head of Business Operations at Venmo and Vice President of Strategy at Merrill Lynch Wealth Management.
Hassan has an MBA from Harvard Business School.
For those interested in Singapore's cryptocurrency and Web3 landscape, Hassan's experience offers a comprehensive overview of cryptocurrency, traditional finance and fintech.
Hassan has been a speaker at Singapore Fintech Festival and MoneyLive Asia. He has also lectured at INSEAD. Additionally, he contributed to the working paper titled "Realizing the Promise and Potential of 'Web3' for Pakistan" authored by Uzair Younus in February 2022.
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Nov 28, 2023
