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Coinbase Expands Services in Singapore to Bolster International Presence Amid U.S. Regulatory Crackdown

Coinbase Global, a cryptocurrency exchange operator, is expanding its services in Singapore as part of its efforts to strengthen its international presence. This move is in response to regulatory crackdowns in the US, where the company is based. Coinbase has received approval from the Monetary Authority of Singapore to operate as a major payments institution and has secured a license to operate an international exchange in Bermuda. The company has announced that it is introducing no-fee purchases of USDC for customers using SGD and enabling staking for several cryptocurrencies in Singapore. A survey of 2,000 adults in Singapore found that a quarter of them consider crypto the future of finance, and 32% of them own or used to own crypto.

Coinbase Singapore
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