Coinbase has expanded its partnership with Standard Chartered to give institutional clients broader fiat funding access across global markets.
Summary
- Coinbase added multi-currency rails with Standard Chartered for AUD, SGD, CAD, CHF, EUR and GBP.
- Institutional clients can manage global books without forced FX consolidation across Coinbase Prime and Exchange.
- Direct Deposit also returned for U.S. customers, adding paycheck-to-crypto allocation with zero trading fees nationwide.
The integration adds new rails for AUD, SGD, CAD, and CHF, along with GSIB-backed settlement for EUR and GBP.
The service is available across Coinbase Prime and Coinbase Exchange. Coinbase said the goal is to help institutions manage capital across spot, derivatives, and financing strategies without routing every position through one base currency.
Partnership targets FX friction
Coinbase said institutional activity now spans several regions, currencies, and trading strategies. That has made currency movement and funding speed a larger operational issue for crypto firms, asset managers, and trading desks.
The company said the expanded rails will let clients run global books without forced FX consolidation, reduce conversion costs, fund positions faster, and rebalance capital across regions. It added that the feature is not currently available for Prime Trading clients in the EU.
Coinbase said, “The direction is clear. A system where capital is not constrained by geography, banking hours, or legacy infrastructure.” The line shows how the exchange is framing the partnership as part of a wider shift toward faster financial infrastructure.
Direct Deposit returns for U.S. users
Coinbase also relaunched Direct Deposit for U.S. customers on May 26. The feature allows users to allocate part of their paycheck into cash, USDC, or other crypto assets with zero trading fees.
Users can set up the feature through the Coinbase app, enable account and routing details, share them with an employer, and choose automatic allocations. Coinbase said Direct Deposit is available in the U.S. at launch, with plans to expand to more regions later this year.
The consumer rollout fits Coinbase’s stated aim of turning the app into a broader financial hub. The company said the feature connects income, investing, saving, and trading in one account.
Stablecoin rails remain part of the bigger push
As previously reported by crypto.news, Coinbase claimed stablecoins settled $33 trillion in 2025, compared with Visa’s $16.7 trillion payment volume for fiscal 2025. The report said Coinbase framed stablecoins as faster, lower-cost internet money compared with older payment rails.
The Standard Chartered deal also fits a broader market trend. Earlier reports showed Circle, Coinbase, and Ripple backing Tazapay’s $36 million raise as more firms build regulated fiat and stablecoin payment rails for banks, fintechs, and global businesses.
As previously reported, Rain added Mastercard support as stablecoin infrastructure firms try to connect on-chain settlement with existing payment networks. The report noted that firms such as Stripe and Coinbase are adding stablecoins to their own systems.
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