Coinbase has extended its partnership with Standard Chartered to unlock multi-currency funding rails for institutional clients.
As crypto markets have matured, institutions are now running complex strategies across spot, derivatives, and financing, Coinbase said in a blog post. The collaboration aims to enable them to operate across global markets from a single platform.
"As institutional participation scales across regions, the ability to move capital efficiently across currencies has become a critical requirement," Coinbase said. "Managing multi-currency portfolios, optimizing FX exposure, and funding positions across markets all require flexible and resilient infrastructure."
The integration with the international bank introduces new currency rails across AUD, SGD, CAD, and CHF, as well as GSIB-backed settlement for EUR and GBP, with institutional access available across Coinbase Prime and Coinbase Exchange.
Coinbase said this will allow clients to run global trading books without forced FX consolidation, reduce FX drag across strategies, allocate capital more efficiently, and operate on reliable Global Systemically Important Bank infrastructure. However, it noted that the feature is not currently available for Prime Trading clients in the EU.
