Coinbase Singapore has obtained a major payment institution license from the Monetary Authority of Singapore, allowing the company to expand its digital payment token services in the country. Singapore is a significant market for Coinbase, with 25% of Singaporeans considering crypto the future of finance and 32% being either current or past owners of crypto. The nation is also home to over 700 Web3 companies, making it a pivotal market for the growth of the crypto and Web3 economies. Coinbase has actively developed and released products tailored to the Singaporean market and plans to continue fostering strong relationships with industry associations and making region-specific investments.