Yes

>>COIN Stock Outlook: Coinbase Partners with Standard Chartered to Secure Funding Infrastructure

COIN Stock Outlook: Coinbase Partners with Standard Chartered to Secure Funding Infrastructure

crypthub

about 13 hours ago

Multi‑Currency Funding Partnership

Coinbase has widened its tie‑up with Standard Chartered to add fiat rails for AUD, SGD, CAD and CHF, plus euro and pound settlement backed by a global systemically important bank. The service is available on Coinbase Prime and Exchange, though not yet for EU Prime Trading clients. This allows institutional users to fund positions in the currencies they already trade.

Benefits for Institutional Traders

The new rails aim to cut forced FX consolidation, reducing conversion costs and timing delays when managing global trading books. Clients can move capital across regions without a single base currency, improving execution efficiency. The integration also links Coinbase’s institutional platform to robust banking infrastructure.

Retail Direct Deposit and Platform Expansion

Coinbase relaunched Direct Deposit in the U.S., letting users route paycheck portions into USDC or other crypto with zero trading fees. This complements the institutional focus, supporting Coinbase’s vision of an “everything exchange” offering trading, payments, savings and on‑chain services. The move signals a push to diversify revenue beyond volatile spot trading.

Financial Results and Outlook

COIN shares fell to $180.60 as the company posted a Q1 loss of $394.1 million, missing profit expectations and revenue forecasts. A 14% workforce reduction aims to save $50‑$60 million, while a pending U.S. national trust charter could enhance custody and stablecoin capabilities. These developments shape investor sentiment amid a slower trading environment.