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Coinbase Partners With Standard Chartered to Expand Coinbase Prime Funding Rails

Coinbase Partners With Standard Chartered to Expand Coinbase Prime Funding Rails

According to Coinbase, institutional fiat settlement rails on Coinbase Prime and Coinbase Exchange now support six currencies through Standard Chartered-backed integration.

Fact Check
The Coinbase official blog post directly confirms the partnership with Standard Chartered to expand Coinbase Prime funding rails covering six fiat currencies (AUD, SGD, CAD, CHF, EUR, GBP), explicitly stating the goal to reduce FX friction and improve capital efficiency for institutional clients. The Block independently corroborates the same details.
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Summary

Coinbase announced institutional fiat settlement rails for six currencies across Coinbase Prime and Coinbase Exchange. According to the company, integration with Standard Chartered adds multi-currency support for the Australian dollar, Singapore dollar, Canadian dollar, Swiss franc, euro, and British pound. The announcement focuses on expanded institutional payment and settlement infrastructure and does not mention the previously referenced 2026 return of Direct Deposit for U.S. crypto users.

Terms & Concepts
  • Coinbase Prime: Coinbase’s institutional platform for trading, custody, and related services for professional and institutional clients.
  • Settlement rails: Payment infrastructure used to move and finalize transfers of fiat or other assets between financial participants and platforms.