Coinbase has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to expand its payment services in the country. This license will enable the exchange to provide digital token services to Singaporean individuals and institutions. Coinbase has also expressed its readiness to support Singapore’s local crypto and web3 community through investments and partnerships.Coinbase’s MPI license now puts it in the same ranks as other Singapore-licensed entities like Blockchain.com, Circle, and Crypto.com. Following the news, Coinbase’s COIN stocks rallied by more than 5% pre-market to $79.26.Coinbase’s international expansion plans come amid the uncertain regulatory landscape in the U.S. The exchange has prioritized working with regulators in key countries as part of its international growth since the beginning of the year. These relationships culminated in the launching of an International platform that received regulatory approval from the Bermuda Monetary Authority (BMA) to allow institutional and retail traders access to its perpetual futures products. Coinbase has also secured regulatory approvals in several European countries, including the Netherlands, Spain, Ireland, and Italy.

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Information	Details
Geography	Asia
Countries	🇸🇬 🇧🇲 🇳🇱 🇪🇸 🇮🇪 🇮🇹
Sentiment	positive
Relevance Score	8
People	Paul Grewal, Lates Coinbase
Companies	Coinbase Global Inc., Circle, Monetary Authority of Singapore, Crypto.com, Blockchain.com
Currencies	None
Securities	None