Standard Chartered and Coinbase are expanding crypto prime services for institutional clients, signaling deeper collaboration between a legacy bank and a major crypto exchange on institutional custody and trading infrastructure.
Standard Chartered and Coinbase are identified as the parties extending crypto prime services to institutions, but the public record available here does not include product scope, client list, timelines or fee terms.
Crypto prime services typically combine custody, execution, lending, and post-trade services for large investors. In this context, the term is used to describe the joint expansion by a bank and an exchange into that institutional segment, and the definition is provided to clarify the functional area referenced in the announcement.
The deal builds on the existing tie-up between the two companies in Singapore, where Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase’s customers, according to a press release.
What do crypto prime services mean?
Because additional documentation or quotes were not retrievable due to the cited service error, market participants should rely on forthcoming official communications from Standard Chartered and Coinbase for definitive terms. If the expansion follows industry practice, the next verifiable milestones will be formal press releases, regulatory filings or client onboarding announcements that specify custody arrangements, supported assets and counterparty risk controls.
If confirmed, the collaboration could broaden institutional access to custody and prime brokerage functions, potentially affecting liquidity and trading corridors for supported tokens. Product and compliance teams will need to evaluate onboarding requirements, KYC/KYB processes and custody segregation terms once concrete documentation is published.
Investors and asset managers should expect clarity on fees and service-level agreements before reallocating assets or changing counterparty exposure.
Coinbase is becoming more of a trusted name among institutions, including banks, as time goes on, not least with the recent news that JPMorgan (JPM) brought its JPM Coin deposit token to Base, the layer-2 blockchain of the U.S. exchange.
