Coinbase, Standard Chartered add AUD, SGD, CAD and CHF rails

Coinbase expanded its partnership with Standard Chartered to add funding rails for the Australian dollar, Singapore dollar, Canadian dollar and Swiss franc and to introduce GSIB-backed settlement for euros and pounds on Coinbase Prime and Coinbase Exchange. The company announced the update in a blog post on Tuesday.

The integration will let institutional clients move capital and fund positions in multiple currencies from a single platform, enabling firms running strategies across spot, derivatives and financing to operate across markets without forced foreign-exchange consolidation, Coinbase wrote.

New currency rails for AUD, SGD, CAD and CHF will be available to institutional customers on Coinbase Prime and Coinbase Exchange. Settlement for EUR and GBP will use Standard Chartered's Global Systemically Important Bank infrastructure, which processes payments and settlements through a bank designated as globally systemically important. The feature is not yet available to Prime Trading clients in the European Union.

Coinbase said the added rails will allow clients to run global trading books without converting all positions into a single currency, reduce FX drag across strategies and allocate capital more efficiently. “As institutional participation scales across regions, the ability to move capital efficiently across currencies has become a critical requirement,” the company wrote.

The partnership extends existing banking ties between the exchange and Standard Chartered, connecting local-currency banking rails to Coinbase's trading and settlement systems. Using GSIB-backed settlement routes aims to provide more resilient plumbing for large cross-border flows.

Separately, Coinbase relaunched Direct Deposit for U.S. retail customers on Tuesday. The feature allows automatic allocation of part of a paycheck into assets such as USDC and other cryptocurrencies with zero trading fees, and forms part of the company's broader product set covering trading, payments and onchain services.

Coinbase added: “The direction is clear — a system where capital is not constrained by geography, banking hours, or legacy infrastructure.”