Coinbase Secures Singapore Permit, Joining Firms Like Crypto.com

Cryptocurrency exchange Coinbase Global Inc. received a digital-assets license in Singapore, where regulators are stepping up vigilance after the high-profile blowups of crypto outfits like Three Arrows Capital.

The Monetary Authority of Singapore has granted Coinbase Singapore in-principle approval under the Payment Services Act to provide regulated services in the city-state, the company said Tuesday. About 15 firms have received such permits since Singapore launched the licensing regime in 2019, including rival Crypto.com.

Hassan Ahmed

Source: Coinbase Global Inc.

Singapore will be a “beachhead” for Coinbase’s planned expansion in the Asia-Pacific region, where markets like Indonesia and Vietnam are attractive, said Hassan Ahmed, chief ...