Coinbase bets on Singapore despite rocky year

CRYPTO exchange Coinbase remains bullish about its prospects in Asia as it embarks on international growth. This is despite a turbulent year marred by a slowing economy, as well as a series of scandals that tarnished the once-booming crypto industry.

With the rise of blockchain gaming in markets such as the Philippines, and with companies warming up to building on Web3 infrastructure, Asia presents interesting opportunities for Coinbase to tap, said Singapore country director Hassan Ahmed.

He was speaking to The Business Times on the back of Coinbase’s launch of upgrades to its retail platform in Singapore, meant to ease investments in digital assets, even as investors lick their wounds from the crypto market plunge.