Published on September 2nd, 2015 | by bitcoin0
Singapore’s Market Launch Is Expanding Coinbase Through Asia
Coinbase is now offering consumers in Singapore the ability to buy and sell bitcoin using Singapore dollars, a move that marks its formal introduction to the Asian market.
The announcement follows on the heels of the news Coinbase would launch services in Canada following a partnership with bitcoin compliance firm Vogogo.
Coinbase, which has raised more than $100m in four venture rounds, is now open to consumers in 28 countries globally.
In its blog post, the company sought to further describe Singapore as a market where bitcoin had “already gained traction” among users including consumers, developers and traders.
However, Coinbase is not without local competition in the market, as Singapore ranks 11th among global nations when it comes to investment in industry startups.